
Issuer & Investor Updates
The Next FOMC Meeting is Wednesday, May 3, 2023 with a 70.7% probability of a 25 basis point increase according to CME Group's Fed Watch Tool. US employers added 236,000 below expectations and indicating the labor market is cooling off amid Federal Reserve's repeated rate-hikes. Supply remains low for new issue municipal bonds. This week an estimated $5.4 billion supply but two issues -- California GO and San Francisco Public Utilities Commission -- made up 66% of this volume.