| Government Securities Prices | 10-year: 98 14/32 to yield 1.80, up 19/32 30-year: 96 24/32 to yield 2.66, up 15/32 |
|---|---|
| Municipal Bond Index | 131 6/32, up 12/32 |
| The Bond Buyer's 30-Day Visible Supply (as of 05/04) | Total: $13.300 billion, down $1.323 billion Competitive: $5.657 billion, down $473.2 million Negotiated: $7.643 billion, down $849.9 million |
| The MuniCenter List | Offering total: $11.610 billion, down $13.4 million |
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.
A costly Medicaid funding crisis is confronting healthcare providers in the state where fiscal pressures could force some rural hospitals to close.
Fernando Osorio Caño was named interim executive director after Mary Carmen Zapata resigned.
A stronger-than-expected nonfarm payroll report reignited fears that the Federal Reserve will hike rates. Munis and USTs had a somewhat muted reaction, according to Hennion & Walsh's James Pruskowski.
"The reason the number [of trade counts] is a record and not just elevated is structural, and it's been building for years," said Josh Rosenblum, head of municipal trading strategies at Brownstone.
