what is visible supply 
visible supply is the amount of a good or commodity that is currently being stored or transported that is available to be bought or sold this supply is important as it identifies a definite quantity of goods available for purchase or delivery upon the assignment of futures contracts for instance all of the wheat held in granaries or storage facilities along with the wheat being transported from farms constitutes part of the visible supply in the municipal bond markets the 30 day visible supply refers to the total par value face value of all new issue municipal bonds that are expected to be coming to market in the next 30 days understanding visible supplyprices in the market are said to be determined by the law of supply and demand the more supply of some good available affects the demand and vice versa therefore being able to account for the supply of commodities is of crucial importance to these markets and their related futures markets in general an increase in visible supply is considered to be a bearish signal while a decrease is considered a bullish one however the price of a good is not completely influenced by the amount of visible supply because commodities such as wheat or oil are often purchased through futures options or forward contracts long before the date of actual physical delivery prices are more likely to be influenced by the future supply rather than what is available at that moment future supply or supply which is currently in processing or preparation is said to be part of the invisible supply since it cannot yet be counted and accounted for visible vs invisible supplyvisible supply stands in contrast to invisible supply which refers to an unknown or unquantifiable amount of physical stock of a commodity that will eventually be available for delivery upon settlement of a futures contract unlike the visible supply this amount of supply underlying a futures contract exists but it hasn t yet been accumulated stored or set aside for delivery whereas any such stock of a commodity that has been accounted for is the visible supply 30 day visible supply in municipal bond marketsin municipal bond markets the 30 day visible supply is used to estimate the health of the market for new issues it is an indication of how much new debt is expected to come to market the 30 day visible supply is published in the bond buyer a trade publication for members of the municipal bond industry that began as a daily newspaper over 100 years ago and now provides sophisticated real time market data via a subscription based digital version an increase in the visible supply of bonds is bearish for prices as more bonds will increase the supply of new debt likewise a fall in the 30 day visible supply is bullish for bond prices 