In the midst of a fluctuating financial landscape, municipal bonds have remained relatively stable. The recent shifts in U.S. Treasuries and stock market performance have influenced the state of municipal bonds. Despite the ongoing impact of external factors, muni yields have sustained levels similar to those observed in the previous summer. This steadiness in yields
Bonds
The U.S. Soccer Federation is embarking on a new chapter with the construction of their state-of-the-art headquarters and training facility in Georgia. This ambitious project is set to revolutionize the way soccer is developed and nurtured in the United States. However, as with any major undertaking, there are bound to be challenges and critiques along
New York City is set to offer $1.2 billion of refunding general obligation bonds in its first deal of the fiscal year. This comes shortly after the New York City Transitional Finance Authority sold $2.11 billion of bonds. The market is expected to respond positively to this offering, as the city has a strong track
In the world of municipal bonds, two seasoned professionals have decided to take a leap of faith and venture out on their own. Charlie Visconsi and Ron Van Den Handel, both veterans in the municipal bond industry, have recently left Preston Hollow Community Capital to establish their own firm – V2 Municipal Capital. This new
The approval of an up to $1.8 billion State Water Implementation Revenue Fund for Texas (SWIRFT) bond issue by the Texas Water Development Board has raised concerns regarding the financing of local water projects in the state. With nearly $3 billion in requests to use the fund for various projects, including seawater desalination in Corpus
Tejon Ranch, the largest privately owned land in California, is seeking to expand its commercial center through a $61.6 million municipal bond issuance. This expansion project aims to more than double the size of the Tejon Ranch Commerce Center, which currently houses distribution centers for major retail brands like IKEA, Caterpillar, and L’Oreal. The Tejon
The Dormitory Authority of the State of New York recently conducted a successful bond sale, generating significant interest and demand from investors. According to DASNY spokesperson Jeffrey Gordon, the sale was met with positive reception due to the calm market conditions and robust demand for highly rated state bonds. As New York State’s leading capital
State government trifectas have been a topic of interest due to their potential impact on local government bond pricing. Recent research presented at the annual Brookings Municipal Finance conference sheds light on the relationship between single-party dominance in a state and the yields in the secondary municipal bond market. The study, conducted by professors Angela
The municipal bond market experienced little change on Wednesday, with key activities dominated by an upsized offering of $2.5 billion from the New York City Transitional Finance Authority and $1.3 billion from the Regents of the University of California. U.S. Treasuries showed slight firmness, and equities displayed mixed performance by the end of the day.
Phoenix is making a return to the municipal market with its first new money general obligation bond issue in over a decade. Chief Financial Officer Kathleen Gitkin expresses high expectations for the $238.8 million tax-exempt and taxable deal scheduled to price through a Piper Sandler-led underwriting team. The city has not issued new money GO