| Government Securities Prices | 10-year: 98 7/32 to yield 2.33, up 5/32 30-year: 99 5/32 to yield 3.04, up 25/32 |
|---|---|
| Municipal Bond Index | 123 1/32, up 14/32 |
| The Bond Buyer's 30-Day Visible Supply (as of 07/23) | Total: $11.420 billion, up $547.1 million Competitive: $4.108 billion, up $2.247 billion Negotiated: $7.312 billion, down $1.700 billion |
| The MuniCenter List | Offering total: $13.295 billion, up $273.3 million |
The plan is estimated to cost about $1.8 billion for a rail system connecting downtown Oklahoma City to Edmond and Norman and $730 million for bus transit.
There is "a lot of nervousness in the Treasury market right now" ahead of the FOMC meeting, said Tim Iltz, fixed income credit and market analyst at H.J. Sims. That nervousness helped the 10-year UST hit 5% on Monday.
At stake is at least a $5.9 billion contract and the stability of electrical provision on the island.
Counties and states are moving ahead with replicable, bond-financed affordable housing funding models as new regulations designed to jump start community development are still working their way through the pipeline.
The lowered outlook is a sign of negative momentum for the district, which could affect how its paper prices in the primary and secondary markets.
Most recently, mutual funds saw outflows of $430 million on Friday, driven by negative $544 million fund flows from open-ended funds, offsetting the $113 million of inflows from ETFs, according to J.P. Morgan.
