Recent movements within the municipal bond market illustrate a period of volatility, largely driven by shifts in economic policy as conveyed through the Federal Reserve’s meeting minutes. On a notable Wednesday, municipal bonds experienced a noticeable sell-off that particularly impacted longer-term securities. Conversely, U.S. Treasuries managed to close with slight gains, underlining a mixed sentiment
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In a recent meeting, the North Carolina Local Government Commission reached significant decisions regarding various bond deals aimed at improving public infrastructure. Among the notable approvals were several substantial bond allocations: $252 million for Mecklenburg County, $200 million for the city of Durham, and bond anticipation notes of $130 million for the Piedmont Triad Regional
The municipal bond market is currently exhibiting a relatively steady tone, despite facing minor fluctuations in United States Treasury yields and mixed performances from equities. The recent activity has highlighted pivotal changes in municipal to U.S. Treasury (UST) ratios, creating a narrow yet impactful space for investors to observe—especially as the end of 2024 approached.
The Oklahoma Turnpike Authority (OTA) is poised for a significant return to the municipal bond market later this month, planning a hefty $1.3 billion undertaking. This financial maneuver is meant to fuel the controversial ACCESS Oklahoma program, designed to expand and enhance the state’s toll road infrastructure. Initially introduced by Governor Kevin Stitt in February
The Indiana Municipal Power Agency (IMPA) is poised to undertake a significant financial maneuver by issuing approximately $268.3 million in power supply system revenue bonds. Set to occur next week, this strategic move serves a dual purpose: refunding older bond series and financing essential new capital projects. The anticipated Series 2025A bonds are being marketed
The realm of municipal bonds (munis) and U.S. Treasury (UST) yields has become increasingly complex, especially as we navigate the current economic landscape. Market participants must remain vigilant as they gauge performance, outlook, and potential risks associated with these securities in both short- and long-term scenarios. Current Market Dynamics Recent trading sessions have seen municipal
As we embark on the first full week of 2025, municipal bonds are displaying a firm performance that may set a promising tone for the market amid the anticipated influx of new issues totaling more than $5 billion. This article examines the recent trends in municipal bonds relative to U.S. Treasuries and equities, while highlighting
The transition into the new year typically heralds shifts in investor behavior, and 2025 is no exception. The municipal bond sector has initiated the year with a notably optimistic tone as investors deploy their January reinvestment capital. This development contrasts sharply with the mixed performance observed in U.S. Treasury securities and a downturn in equity
The year 2024 has been a remarkable one for the municipal bond market, witnessing an issuance surge that saw total debt climb above the $500 billion mark. This unprecedented figure, estimated at approximately $507.585 billion, reflects a substantial growth of 31.8% from $385.061 billion in 2023, shattering the previous record of $484.601 billion set in
The recent collision of a Brightline train with a Delray Beach fire truck underscores the ongoing complexities and challenges associated with the operations of high-speed rail services in densely populated areas. This incident is not merely a standalone event but rather part of a larger narrative involving the increasing scrutiny on railroad safety in the