| Government Securities Prices | 10-year: 103 26/32 to yield 3.05, up 19/32 30-year: 105 30/32 to yield 4.03, up 19/32 |
|---|---|
| Municipal Bond Index | 115 23/32, up 4/32 |
| The Bond Buyer's 30-Day Visible Supply (as of 07/15) | Total: $7.963 billion, down $1.514 billion Competitive: $3.200 billion, down $68.7 million Negotiated: $4.763 billion, down $1.445 billion |
| The MuniCenter List | Offering total: $8.280 billion, down $121.0 million |
Inflows returned to muni mutual funds as investors added $200.3 million for the week ending Wednesday after $1.474 billion of outflows, according to LSEG Lipper.
Democratic Gov. Laura Kelly nixed another tax cut bill passed by the Republican-led legislature this year, while pushing a less-costly plan.
It's a big week for the Fortress-backed train company, which refinanced more than $4 billion of debt and broke ground on its West Coast high-speed line.
Photos from The Bond Buyer's Texas Public Finance conference.
The Mayo Clinic is undertaking a $5 billion expansion that may bring new debt as it reconstructs its core Rochester, Minnesota campus.
"Just like the ATM became an additional transaction channel in the banking industry, I believe distributed ledger technology will provide municipal issuers with a similarly valued tool to sell their bonds," said Rick Coscia, Quincy's Strategic Asset Manager.
