Bonds

While North Carolina’s Local Government Commission (LGC) recently approved an ambitious suite of bond issuances totaling over half a billion dollars, a critical eye reveals a pattern of questionable priorities. The decision to allocate $505 million toward infrastructure and healthcare projects might sound impressive on paper, yet warrants skepticism when viewed through a lens of
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The first half of 2025 has defied expectations, witnessing an explosive increase in municipal bond issuance that could be mistaken for genuine economic vitality. With issuance surpassing $280 billion—an impressive 14.3% year-over-year increase—markets appear robust. Yet, beneath this frenetic activity lies a complex web of strategic frontloading, political anxieties, and a distorted perception of fiscal
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The municipal bond market, often hailed as a reliable harbor for conservative investors, is currently navigating a surprisingly turbulent undercurrent. While surface-level observations suggest a relatively steady environment with limited volatility, a closer examination reveals that the muni market is quietly grappling with structural and technical challenges that could dampen its traditionally stable allure. Behind
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The landscape of municipal bonds has become increasingly complex, especially amid the whirlwind of economic conditions and the political environment in America. With yields fluctuating, investors find themselves in a precarious position, caught between the historical charm of munis and the harsh realities of fiscal policy. The facts suggest that while there are glimmers of
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The recent bond sale by Harvard University has sent shockwaves through the financial and educational realms alike. Republican Representative Elise Stefanik’s request for an investigation by the Securities and Exchange Commission (SEC) raises pertinent questions about transparency and the ethical obligations of prestigious institutions towards their investors. The concern is not merely about a financial
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In recent times, the high-yield municipal bond sector has shown remarkable resilience, even amidst the dramatic fluctuations that have characterized the bond market in 2022 and 2023. Despite facing significant outflows, there is emerging optimism about the demand for high-yield paper. A notable highlight is the financing for Brightline West’s high-speed rail project, which raised
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