| Government Securities Prices | 10-year: 100 14/32 to yield 2.70, down 5/32 30-year: 100 28/32 to yield 3.58, down 21/32 |
|---|---|
| Municipal Bond Index | 118 30/32, up 6/32 |
| The Bond Buyer's 30-Day Visible Supply (as of 04/10) | Total: $5.530 billion, down $1.547 billion Competitive: $2.915 billion, up $875.4 million Negotiated: $2.614 billion, down $2.422 billion |
| The MuniCenter List | Offering total: $7.966 billion, down $1.763 billion |
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A new state law in Arizona is designed to spur the use of land-secured municipal bond financing to increase housing development and lower its costs.
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The end of September, which is also the end of the fiscal quarter, is a historically volatile time, according to James Pruskowski, managing director at Hennion & Walsh. That volatility, driven by shoring up unsettled positions and balance sheets, is exacerbating yields' upward climb in both munis and Treasuries.
September 28 -
Illinois lawmakers are hammering out legislation to raise cybersecurity protections for local water utilities, a timely effort after cyberattacks this summer.
September 28 -
In the new role, one of Doryan Carlton's responsibilities will be overseeing the state's bond issuances. She replaces Bill Poole.
September 28 -
Self-employed borrowers account for 40.9% of the pool, but they are high earners and the pool has moderate leverage.
September 28 -
Debt service is protected but limiting revenue can pressure an issuer's operating budget, Nuveen said.
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