Bonds

The North Carolina Local Government Commission recently declined to approve Cabarrus County’s bond requests totaling $228 million. This decision came as a surprise, especially considering that the panel’s staff had recommended approval. However, some members of the commission raised concerns about the county’s use of bond anticipation notes and questioned whether the bonds should undergo
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The municipal market has recently experienced a slight uptick in activity ahead of the Fourth of July holiday. This increase in demand was likely influenced by the decline in U.S. Treasury yields and mixed performance in equities. The Federal Open Market Committee (FOMC) meeting minutes further indicated that while inflation was still a concern, there
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The municipal market in the US remained steady this past week as U.S. Treasury yields experienced a decline while equities registered an increase. Industry experts are predicting slow activity in the market this week due to the usual trend of issuers taking a break during holiday-shortened weeks. This is expected to result in a “muted”
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The article discusses how municipals were slightly weaker than usual but still outperformed U.S. Treasuries. Despite this, UST yields rose significantly, with the two-year UST rising up to 14 basis points. The muni-to-Treasury ratios were also analyzed, showing variations depending on the curve. The ICE Data Services provided slightly different ratios compared to the Refinitiv
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The municipal bond market experienced minimal changes on Thursday as the largest deals were finalized. Despite this, municipal bond mutual funds reported a return to outflows. U.S. Treasury yields declined while equities saw an increase near the market close. The ratios of municipal bond yields to Treasury yields varied on Thursday, with the two-year at
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The Metropolitan Pier and Exposition Authority (MPEA) in Chicago has approved the sale of up to $231 million of bonds for the McCormick Place Expansion Project. The project includes upgrades to the Lakeside Center building and renovation of guest rooms at the Hyatt Regency McCormick. The bond sale, consisting of Series 2024A and Series 2024B
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The muni market is currently experiencing lighter trading volumes with steady yields, reflecting the overall economic uncertainty and risk aversion. Despite U.S. Treasuries showing slight weakness and mixed equities, the muni-to-UST ratios have held steady throughout the day. This stability in ratios indicates a cautious approach among investors, possibly due to the ongoing economic concerns
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