| Government Securities Prices | 10-year: 97 23/32 to yield 2.38, up 9/32 30-year: 96 31/32 to yield 3.16, up 29/32 |
|---|---|
| Municipal Bond Index | 122 10/32, unch |
| The Bond Buyer's 30-Day Visible Supply (as of 06/25) | Total: $7.317 billion, down $2.654 billion Competitive: $2.106 billion, up $6.9 million Negotiated: $5.211 billion, down $2.661 billion |
| The MuniCenter List | Offering total: $13.042 billion, down $249.2 million |
Chicago made the second half of its supplemental pension payment, fulfilling a budgetary pledge and assuaging concerns of aldermen and rating agencies.
Market participants broadly expected a rate hike, but the FOMC statement and press conference both rang more hawkish than what the markets probably anticipated, said Chris Brigati, managing director and CIO at SWBC.
A U.S. Appeals Court for the Tenth Circuit ruling vacated a lower court's permanent injunction against a project to expand the Gross Reservoir.
Fitch Ratings revised its outlook to stable from negative on the Corpus Christi utility and S&P removed it from CreditWatch with negative implications.
With the Bipartisan Infrastructure Law funding sunsetting at the end of the month, the American Public Transportation Association is staging a fly-in to lobby for advance appropriations.
Chicago will be a regional water supplier, and its water could draw the next Great Migration, Department of Water Management Commissioner Randy Conner said.
