In a surprising twist during the recent trading week, U.S. Treasuries experienced a notable sell-off, a development that emerged after the release of unexpectedly robust payroll data. The implications of this market reaction extend beyond just Treasuries, as the municipal bond sector felt the tides shift, prompting significant changes in yield ratios and shaping investor
Bonds
The Muni Pride LGBTQ+ History Month Social Mixer served as a powerful reminder of the significant strides made by members of the LGBTQ+ community in various professional sectors. During this event, Connecticut Treasurer Erick Russell delivered a keynote address that highlighted the importance of representation in finance, law, and governance. Russell’s speech underscored a crucial
In recent trading sessions, the municipal bond market has exhibited a nuanced behavior, grappling with a slight softening while simultaneously demonstrating resilience against the prevailing weakness seen in the U.S. Treasury market. Over the last week, municipal bonds have outperformed Treasuries, a potential reflection of distinct investor preferences and market dynamics. The presence of several
Massachusetts is making a significant investment in its transportation infrastructure by planning to issue $490.7 million in municipal bonds. This strategic move aims to bolster the state’s commuter rail system and other pivotal transportation projects. With the bond pricing scheduled for a mid-week launch—following a retail order period—this financial initiative reflects a broader commitment to
Minneapolis, a city that has faced significant scrutiny and upheaval in recent years, is set to issue general obligation bonds to raise over $123 million. This move is not just about financing; it is an essential step in the city’s recovery and revitalization efforts following the socio-economic turmoil that erupted after the death of George
This week, municipal bonds demonstrated notable stability amid significant market events. As the last significant deals of the week were priced, municipal bond mutual funds reported inflows for the thirteenth consecutive week, with high-yield offerings particularly driving this trend. During this timeframe, municipal bonds navigated a separate path from a somewhat mixed U.S. Treasury market
The municipal bond market has exhibited a remarkable steadiness, drawing considerable attention as primary market activities have picked up with significant deals leading to lowered yields upon repricing. As equity markets faced losses and U.S. Treasuries displayed weakness, the municipal sector has emerged as a platform of relative stability amidst these fluctuations. This article delves
In an era where sustainable investing has taken center stage, the New York Power Authority (NYPA) has made a significant move by issuing green revenue bonds. On Monday, the authority revealed its plans to offer a total of $404.375 million in green revenue bonds, with $104 million specifically allocated for retail investors. In the latest
The Los Angeles Unified School District (LAUSD) is poised to make significant strides in sustainable infrastructure with its upcoming issuance of $1.1 billion in general obligation bonds. Set to enter the financial market on Wednesday, this issuance has garnered attention not just for its size, but also for its sustainability focus. This unique approach signals
As our world grapples with the unrelenting effects of climate change and increasing economic challenges, the role of state and local governments in building resilient infrastructure has never been more crucial. With the federal deficit hitting unprecedented levels, these smaller governmental entities are being called to action to finance essential infrastructure projects. This shift represents