Bybit’s latest Block Scholes Crypto Derivatives Analytics Report reveals a concerning spike in implied volatility across the cryptocurrency market, particularly for major cryptocurrencies like ETH. This increase in volatility is indicative of growing bearish sentiment among traders as spot prices remain subdued. The shift towards out-of-the-money puts for short-term options further highlights the prevailing skepticism
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The latest annual bridge report from the American Road & Transportation Builders Association reveals a concerning statistic – one-third of bridges in the U.S. are in need of repair or replacement. This translates to nearly 221,800 bridges requiring major repairs, with 76,175 bridges in urgent need of replacement. The report, based on the U.S. Department
Since the passage of the Inflation Reduction Act (IRA) just over two years ago, states have only captured an average of 7% of the potential funding opportunities provided by the Biden administration’s climate legislation. This low utilization rate of tax credits, which are the primary source of federal support under the IRA, is attributed to
Rep. Steven Horsford of Nevada is anticipated to take the vacant seat on the Ways and Means committee after the passing of Rep. Bill Pascrell. As a former member of the Ways and Means Committee, Horsford brings valuable experience to the table, having served two terms from 2019 – 2023. His knowledge of public finance
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 recent special session held by the Colorado Legislature had significant implications for property tax cut initiatives in the state. Governor Jared Polis hailed the passage of House Bill 1001 as a crucial step in ending the property tax conflicts that had been looming over Colorado’s municipal bond market. However, there are concerns about the
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 city of Sparks, located east of Reno in Nevada, has put forth a proposal for the construction of a 13-mile toll road under a public-private partnership (P3) model. The estimated cost of the project is around $500 million, and the plan involves forming a partnership between the Washoe County Regional Transportation Commission and Sparks
As U.S. Treasury yields experienced a rise and equities closed in the red on Thursday, the municipal bond market remained relatively stable. According to AllianceBernstein strategists, the technical picture for munis this summer has been notably stronger compared to the same period in 2023. Last year, total returns for June through August were reported at
Investors are currently considering a new-issue calendar totaling $12 billion, with nearly $2 billion of that debt coming from New York City. The deal, which amounts to $1.8 billion, is the largest offering on the calendar for the week and comes on the heels of the city’s $1.2 billion refunding issuance in July. The offering