| Government Securities Prices | 10-year: 100 15/32 to yield 2.70, unch 30-year: 99 22/32 to yield 3.64, down 3/32 |
|---|---|
| Municipal Bond Index | 117 0/32, down 18/32 |
| The Bond Buyer's 30-Day Visible Supply (as of 03/06) | Total: $8.842 billion, up $829.5 million Competitive: $1.954 billion, down $420.2 million Negotiated: $6.887 billion, up $1.250 billion |
| The MuniCenter List | Offering total: $8.522 billion, down $762.4 million |
J.P. Morgan is scheduled to price the deal as municipal issuers confront shifting interest rates, secondary market supply, and evolving investor sentiment.
The rally has been more of a technical driver. Absolute yields and ratios, at least on the muni side, are very attractive, with the asset class becoming "oversold," said Whitney Fitts, director of municipal portfolio management at Appleton Partners.
Muni AI issuance may reach up to $11 billion in 2026, less than 2% of expected muni issuance, the firm said.
The Trump administration's signature tax policy is adding a $544 billion strain to an economy already burdened by bond yields not seen since the 1990's.
Moody's cited a weakened financial profile and increasing constraints on the authority's ability to raise rates.
Nederland officials said they are still pursuing the issuance of revenue bonds to buy the Eldora Mountain Resort, as well as funding for capital improvements.
