| Government Securities Prices | 10-year: 98 5/32 to yield 1.83, up 2/32 30-year: 94 22/32 to yield 3.02, unchanged |
|---|---|
| Municipal Bond Index | 132 23/32, unchanged |
| The Bond Buyer's 30-Day Visible Supply (as of 01/24) | Total: $10.500 billion, down $1.490 billion Competitive: $2.665 billion, down $1.250 billion Negotiated: $7.835 billion, down $240.1 million |
| The MuniCenter List | Offering total: $8.933 billion, down $46.6 million |
The city council of Harvey voted to declare the city financially distressed in a bid for state oversight, as the mayor warned of a city government shutdown.
The bonds are rated A-plus by three ratings agencies and are expected to have serial maturities from 2026 to 2055.
"The story remains the same: solid demand is more than enough to take down the sizable new issue supply," said Daryl Clements, a portfolio manager at AllianceBernstein.
Its triple-A bonds have recovered after cheapening earlier this year under a pressure campaign from the Trump administration.
The case challenges Oklahoma's authority to collect income taxes from Native Americans who live and work on tribal reservations.
The Roosevelt Institute rolled out a new report on munis revealing the latest trends in public finance along with critiques and recommendations for alternative ways to fund infrastructure.
