| Government Securities Prices | 10-year: 99 28/32 to yield 2.27, down 8/32 30-year: 100 1/32 to yield 3.00, down 25/32 |
|---|---|
| Municipal Bond Index | 127 5/32, unch |
| The Bond Buyer's 30-Day Visible Supply (as of 12/24) | Total: $4.196 billion, up $481.6 million Competitive: $1.507 billion, up $411.4 million Negotiated: $2.689 billion, up $70.2 million |
| The MuniCenter List | Offering total: $8.450 billion, down $1.586 billion |
Fear of inflation is hitting all markets, MMA Director Kevin McGuigan said, but high supply and low reinvestment cash mean it's hitting munis harder.
Rodriguez previously worked at Janney Montgomery Scott, where she was a managing director and head of Texas public finance.
Provisions in the One Big Beautiful Bill Act designed to jump start affordable housing development are starting to trickle out into the market in the form of tax-exempt and taxable bond combos.
Schools should begin auditing their programs and policies now, and bond buyers should prepare for more credit risks coming with higher education bonds.
Fitch Ratings revised Illinois' outlook to positive, pointing to the state's recent trend toward "normalized operating performance" and diverse economy.
The incoming Bond Buyer Hall of Famer built public finance businesses at U.S. Bank and Academy Securities by combining experienced teams, issuer trust and a clear reason for clients to choose a new franchise.
