| Government Securities Prices | 10-year: 98 21/32 to yield 2.40%, up 8/32 30-year: 99 21/32 to yield 3.02%, up 16/32 |
|---|---|
| Municipal Bond Index | 123 10/32 up 11/32 |
| The Bond Buyer's 30-Day Visible Supply (as of 3/23) | Total: $7.447 billion, down $2.215 billion Competitive: $3.296 billion, down $334.8 million Negotiated: $4.150 billion, down $1.880 billion |
| The MuniCenter List | Offering total: $14.769 billion, up $1.101 billion |
Fed Chair Kevin Warsh took a hawkish tone on inflation in his Jackson Hole speech, sparking a selloff in short-term UST yields.
With the Fed chair focusing on inflation, the markets have increased the odds of a September rate hike.
The administration is seeking industry feedback on funding mechanisms and the use of public-private partnerships in spaceport development.
The revised bill removes provisions creating state-backed credit enhancement for affordable housing bonds, calling instead for a study of housing finance tools.
Moody's Ratings cited the increasing likelihood the federal government won't continue leasing the current Washington, D.C., headquarters for NASA.
California's fall issuance plans bring a big name into the market at a time when high muni issuance levels have withstood higher interest rates.
