| Government Securities Prices | 10-year: 101 24/32 to yield 3.41, unchanged 30-year: 104 8/32 to yield 4.49, unchanged |
|---|---|
| Municipal Bond Index | 107 0/32, up 2/32 |
| The Bond Buyer's 30-Day Visible Supply (as of 03/02) | Total: $6.688 billion, down $406.9 million Competitive: $1.450 billion, down $207.1 million Negotiated: $5.238 billion, down $199.8 million |
| The MuniCenter List | Offering total: $7.854 billion, down $45.6 million |
Next week's issuance is slated to be "substantial" — an estimated $13.1 billion — although that is expected to be met with "solid" November reinvestment capital, J.P. Morgan strategists said.
States have spent weeks preparing for how they would cover the $8 billion shortfall in food stamps for the month of November.
The rating agency expects the school to post an operating deficit this year.
City Manager Oliver Chi unveiled a plan to invest $60 million to change the city's current trajectory.
"Illinois is just pure mismanagement," Ryan Frost, managing director of the Reason Foundation's Pension Integrity Project, said.
Issuance year-to-date is $493.063 billion, up 9.3% from $451.079 billion over the same period. With issuance estimated at $13.118 billion in the first week of November, 2024's $500-plus billion record should fall within the next week or two.
