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
Bonds
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
The municipal market in the US witnessed stable trading in the secondary market on Tuesday, despite a significant focus on a heavy primary new-issue calendar. The market was led by a substantial $2.55 billion deal for the John F. Kennedy International Airport New Terminal One Project, which experienced a repricing of yields. This article critically
The Municipal Securities Rulemaking Board has taken a significant step towards enhancing market transparency by adding the Tradeweb AAA Municipal Curve to its Electronic Municipal Market Access website. This move is part of a broader effort to consolidate more data on EMMA, providing investors with valuable tools to evaluate bond prices and yields, measure market
The municipal bonds market has seen some fluctuations in recent weeks, with notable changes in yields and spreads. According to Barclays strategists Mikhail Foux and Clare Pickering, U.S. Treasury yields fell slightly this week, contributing to firmer municipals. The market rally, which started after showing signs of weakness in May, is expected to continue into
The municipal bond market experienced a day of firmness following a stronger U.S. Treasury session, with equities closing on a mixed note. Triple-A yields saw a decrease of one to five basis points while USTs recorded gains of seven to nine basis points. This movement led to an uptick in muni to UST ratios, with
In the municipal bond market, stability has been the name of the game leading up to the Federal Open Market Committee meeting and the release of the Consumer Price Index report. With U.S. Treasury yields on the decline and equities exhibiting mixed performance, market players are eagerly awaiting key economic indicators for guidance. Vikram Rai,
The municipal bond market showed little change on Monday, outperforming Treasuries as equities experienced slight gains. This relative stability in the muni market comes amidst anticipation for a smaller calendar, coinciding with an FOMC week. The muni-to-Treasury ratios across various tenors indicate an interesting trend, with yields in most of the curve starting the month
The municipal bond market experienced a firming trend on Thursday, marked by a slowdown in the primary market and a return of muni mutual fund inflows. This positive momentum was reflected in triple-A yields, which registered declines ranging from three to eight basis points across different maturities. Both Refinitiv Municipal Market Data and ICE Data
In May, issuance volume surpassed $40 billion for the month, which was the first time since 2016. The volume totaled $43.957 billion in 866 issues, showing a significant increase of 46.9% from the previous year. This boost in issuance is attributed to several factors such as the uncertainty surrounding Fed policy, pent-up capital needs, and