| Government Securities Prices | 10-year: 98 24/32 to yield 2.64, down 1/32 30-year: 98 9/32 to yield 3.47, up 1/32 |
|---|---|
| Municipal Bond Index | 121 14/32, down 1/32 |
| The Bond Buyer's 30-Day Visible Supply (as of 06/12) | Total: $11.786 billion, down $1.597 billion Competitive: $5.079 billion, down $305.2 million Negotiated: $6.707 billion, down $1.292 billion |
| The MuniCenter List | Offering total: $11.402 billion, down $39.5 million |
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Munis are entering a negative feedback loop, according to J.P. Morgan analysts led by Peter DeGroot.
September 25 -
Credit ratings for California utilities could face downward pressure as recurring wildfire risks test safety funds and strain balance sheets.
September 25 -
"In a few years, Brightline may have to consider going through something like this again," warned one investor.
September 25 -
Bondholders and Assured Guaranty are providing substantial funding in post-petition and post-bankruptcy packages to keep the project operating.
September 25 -
GASB has issued updated questions and answers designed to clarify how subsidies relate to operating revenue, an important distinction affecting higher education, and transportation entities.
September 25 -
Ahead of a refinancing next week and a new money deal next month, Chicago's spreads have widened, suggesting the market may be pricing in a downgrade, analysts said.
September 25









