| Government Securities Prices | 10-year: 98 5/32 to yield 1.83, up 2/32 30-year: 94 22/32 to yield 3.02, unchanged |
|---|---|
| Municipal Bond Index | 132 23/32, unchanged |
| The Bond Buyer's 30-Day Visible Supply (as of 01/24) | Total: $10.500 billion, down $1.490 billion Competitive: $2.665 billion, down $1.250 billion Negotiated: $7.835 billion, down $240.1 million |
| The MuniCenter List | Offering total: $8.933 billion, down $46.6 million |
A group of bondholders are floating fresh financing to a bankrupt metals recycler that elevates their bonds above other holders.
Minnesota plans to go to market Sept. 23 with a $1.27 billion general obligation bond sale.
Andrew Nakahata will replace Scott Wu as executive director and CEO less than a year after joining the organization.
Bond attorneys are eyeballing the possibility of attaching a tax title to the surface transportation reauthorization that could include issues of great interest to the municipal bond community as the appropriations process remains stuck in first gear.
The White House said it will appeal a circuit court ruling allowing Federal Reserve Gov. Lisa Cook to remain on the central bank board while her lawsuit challenging her dismissal is litigated.
Despite the expected rate cut, analysts will be watching the Federal Open Market Committee's actions for other reasons.
