| Government Securities Prices | 10-year: 98 17/32 to yield 1.79, down 5/32 30-year: 97 32/32 to yield 2.60, down 8/32 |
|---|---|
| Municipal Bond Index | 131 1/32, up 3/32 |
| The Bond Buyer's 30-Day Visible Supply (as of 04/20) | Total: $11.367 billion, down $1.464 billion Competitive: $4.167 billion, down $1.685 billion Negotiated: $7.200 billion, up $221.0 million |
| The MuniCenter List | Offering total: $11.332 billion, up $539.0 million |
This week's new-issue calendar is sizable, NewSquare Capital's Kim Olsan said, given fairly light September redemptions. Around a third of the $15 billion calendar is tied up in deals from New York City and Alabama.
The incoming Bond Buyer Hall of Famer helped build Citi into a dominant municipal underwriting franchise by making complex finance understandable, actionable and useful to issuers.
A proposal for raising tax revenue includes eliminating the tax exemption for municipal bonds, a fundamental part of the muni market.
The system's board of regents authorized the issuance of triple-A-rated Permanent University Fund and revenue financing system bonds during fiscal 2027.
Academy Securities has big visions and a fresh commitment to its municipal finance practice.
For a change, Alabama's big supply is not a prepay deal but financing for a bridge in Mobile, CreditSights strategists said.
