| Government Securities Prices | 10-year: 96 32/32 to yield 2.60%, up 6/32 30-year: 96 21/32 to yield 3.17%, up 16/32 |
|---|---|
| Municipal Bond Index | 121 11/32 up 1/32 |
| The Bond Buyer's 30-Day Visible Supply (as of 3/15) | Total: $9.574 billion, down $1.459 billion Competitive: $5.348 billion, up $50.6 million Negotiated: $4.226 billion, down $1.510 billion |
| The MuniCenter List | Offering total: $12.211 billion, down $2.336 billion |
Fed Chair Kevin Warsh took a hawkish tone on inflation in his Jackson Hole speech, sparking a selloff in short-term UST yields.
With the Fed chair focusing on inflation, the markets have increased the odds of a September rate hike.
The administration is seeking industry feedback on funding mechanisms and the use of public-private partnerships in spaceport development.
The revised bill removes provisions creating state-backed credit enhancement for affordable housing bonds, calling instead for a study of housing finance tools.
Moody's Ratings cited the increasing likelihood the federal government won't continue leasing the current Washington, D.C., headquarters for NASA.
California's fall issuance plans bring a big name into the market at a time when high muni issuance levels have withstood higher interest rates.
