As the effects of climate change become increasingly apparent through severe weather events and rising sea levels, the financial landscape for infrastructure projects is undergoing a significant transformation. With the federal deficit reaching unprecedented levels, it falls upon state and local governments to rejuvenate our aging infrastructure while simultaneously ensuring resilience against future climatic shocks.
Bonds
The municipal bond market is once again taking center stage as market participants grapple with shifting economic indicators and Federal Reserve (Fed) policy. The recent fluctuations in U.S. Treasury yields and ongoing evaluations of the Federal Open Market Committee’s (FOMC) decisions have set the backdrop for a captivating period in fixed-income investing. As anticipation builds
The landscape of the municipal bond market remains dynamic, characterized by a mixture of stability amid ongoing fluctuations in yields and issuance. As the financial environment shifts, investors are keenly observing trends and adjusting their strategies to capitalize on emerging opportunities. This article explores recent developments in municipal bonds, the influence of U.S. Treasury yields,
The municipal bond market has displayed a noticeable resilience in recent weeks, with minor fluctuations leading to a solid influx of capital into municipal bond mutual funds. Reports indicate that inflows have surpassed $1 billion, marking them as the second largest for the year, a clear signal of strengthened investor confidence in municipal bonds. This
Over the past few months, there has been a significant increase in weekly issuance of municipal bonds. This surge can be attributed to various factors such as pent-up capital needs, diminishing federal aid, and front-loaded issuance by state and local governments. The pace of issuance shows no signs of slowing down, prompting strategists to revise
California has recently announced its plans to sell $2.5 billion of tax-exempt general obligation bonds, marking the state’s second largest offering in the current year. The purpose of this sale is to finance voter-approved projects, pay down outstanding commercial paper, and refund outstanding general obligation bonds. Fitch Ratings has assigned a AA rating with a
The North Texas Tollway Authority is embarking on a significant bond sale worth $1.126 billion, with the aim of seeking savings through bond refundings and tenders. This huge deal is set to be executed in two series, with $446.14 million of first tier revenue bonds designated to fund a tender offer for taxable bonds sold
The municipal bond market has remained relatively stable, with municipal bonds seeing little change while U.S. Treasury yields have experienced an increase and equities have ended on a mixed note. Despite this stability, municipal bond mutual funds have seen inflows, with investors adding a significant amount of $1.047 billion to funds, following $512.9 million in
Municipal bonds have remained relatively stable, with the two-year muni-to-Treasury ratio coming in at 63%, indicating a slight shift in the market compared to previous days. Despite this stability, the overall trend in yields has been decreasing since the start of the summer. According to Tom Kozlik, managing director and head of public policy and
The municipal bond market saw mixed results on Tuesday as U.S. Treasury yields increased, while equities experienced a slight uptick towards the end of the trading day. This dynamic caused a variation in the muni-to-Treasury ratio across different maturities, with the two-year ratio at 63%, three-year at 66%, five-year at 66%, 10-year at 70%, and