| Government Securities Prices | 10-year: 95 8/32 to yield 2.55%, up 6/32 30-year: 95 8/32 to yield 3.12%, up 19/32 |
|---|---|
| Municipal Bond Index | 121 23/32 up 12/32 |
| The Bond Buyer's 30-Day Visible Supply (as of 12/22) | Total: $5.910 billion, up $609.7 million Competitive: $1.134 billion, up $34.9 million Negotiated: $4.776 billion, up $574.9 million |
| The MuniCenter List | Offering total: $12.052 billion, down $1.459 billion |
The muni selloff is likely to continue if UST yields stay elevated, according to SWBC's Chris Brigati.
"We are going to continue to grow strategically where we feel we can add value to our clients," said Beth Coolidge, Oppenheimer's head of public finance.
Port KC will issue up to $1.49 billion of bonds as a vehicle to offer tax incentives to redevelop Country Club Plaza, a historic open-air shopping district.
Issuance was $59.57 billion in 873 deals, up 14.5% year-over-year from $52.006 billion across 880 transactions.
The Trump administration court filing will give PREPA bondholders an incentive to hold out for a better offer, according to one observer.
The airspace surrounding Washington D.C. is expected to absorb more flights in the near future as the Washington Manassas Airport in Virginia has cleared an environmental assessment by the FAA.
