Menu
Market Synopsis
2024
April 2, 2024
The Treasury market continues to sell-off as the benchmark
10-Year Treasury yield is at 4.36%. The 10-Year yield has climbed over 15 bps
from last week, when it was trading below a 4.20% on Friday. The PCE data that
was released last week showed that inflation increased as expected – with Ex
Food and Energy up 2.8% YoY and 0.3% MoM. Cleveland Fed President Loretta
Mester was on record today saying that she does not believe a rate cut will
occur at the May meeting, but still expects multiple rate cuts later this year.
INVESTMENT IDEAS
| MUNICIPALS | ||||||||
| Amt | Rating | Description | Cpn | Maturity | YTC | YTM | Price | Callable |
| 75M | Kansas City, MO Rev Bonds | 5.000% | 09/01/25 | 3.300% | 3.300% | 102.28 | N/C | |
| 80M | Clearwater, KS GO Bonds | 3.150% | 10/01/32 | 3.150% | 3.150% | 100.00 | 10/01/31 | |
| 15M | Clearwater, KS GO Bonds | 3.750% | 10/01/40 | 3.750% | 3.750% | 100.00 | 10/01/31 |
| AGENCIES | ||||||||
| Amt. | Description | Cpn | MATURITY | YTC | YTM | Callable | Nxt Call | Price |
| 5000M | FHLB | 5.000% | 02/12/25 | 5.130% | 5.083% | Onetime | 11/12/24 | 99.925 |
| 5000M | FHLB | 5.300% | 04/02/26 | 5.710% | 5.353% | Anytime | 07/02/24 | 99.900 |
| 5000M | FHLB | 5.340% | 09/25/26 | 5.620% | 5.368% | Quarterly | 06/25/24 | 99.935 |
| 5000M | FHLB | 5.375% | 02/08/27 | 5.730% | 5.425% | Quarterly | 08/08/24 | 99.863 |
| 2000M | FHLB | 5.570% | 03/22/27 | 5.790% | 5.588% | Quarterly | 06/25/24 | 99.950 |
UPCOMING MUNICIPAL CALENDAR
| MUNICIPALS | |||
| Date | Amount | Description | Maturity |
| 4/22/24 | $8,700,000 | Mid-Prairie Community, IA School District GO Bonds | 2025 - 2044 |
| 4/23/24 | $5,000,000 | City of Leavenworth, KS GO Bonds | 2025 - 2034 |
| 4/23/24 | $2,485,000 | Dodge City, KS CC COPs | 2025 - 2030 |
| 4/23/24 | $410,000 | Hawkeye CC Taxable New Jobs Training Certificates | 2025 - 2034 |
| 4/23/24 | $1,885,000 | Edgewood-Colesburg, IA School District GO Bonds | 2025 - 2044 |
| 4/25/24 | $25,030,000 | Webster Groves, MO School District GO Bonds | 2030 - 2044 |
| 4/30/24 | $26,220,000 | City of Andover, KS GO Bonds | 2025 - 2044 |
This information is obtained from sources and data considered to be reliable, but its accuracy and completeness is not guaranteed by Central States Capital Markets, LLC.