Wisconsin is gearing up for a substantial financial commitment with the launch of a $253.9 million Series 2025A general obligation bond offering. A significant portion of this funding aims to address critical infrastructure needs, particularly the replacement of the aging John A. Blatnik Bridge—a vital connection between Superior, Wisconsin, and Duluth, Minnesota. This article delves
Bonds
Amid fluctuating economic indicators and the volatility in Treasury yields, the municipal bond market has shown remarkable resilience. Recent trends indicate steady inflows into municipal mutual funds, signaling a sustained investor appetite even as U.S. Treasury yields rise and equities experience declines. This article delves into the dynamics of the municipal bond market, shedding light
In his proposed fiscal budget for 2026, Tennessee Governor Bill Lee is championing a bold financial strategy that includes the issuance of $930 million in general obligation bonds. This approach marks a significant shift in the state’s financing practices, especially in light of the fact that Tennessee has been conservative with its bonding, having issued
The municipal bond market in the Northeast experienced significant growth in 2024, setting a new regional record with over $132 billion in bond sales. This marked a noteworthy increase of approximately $43 billion from 2023 and positioned the Northeast as the standout region in the country for municipal issuance, according to data from LSEG. The
Brightline West, the ambitious initiative to link Las Vegas and Los Angeles through a state-of-the-art bullet train, has recently taken a significant step forward in securing funding. On an auspicious Thursday, the project unveiled a remarkable $2.5 billion worth of unrated private activity bonds. These bonds are poised to offer investors nearly double-digit yields, marking
In recent trading sessions, the municipal bond market has exhibited a stable yet slightly bullish trend, particularly highlighted by the pricing of a significant $2.5 billion deal related to the Brightline West Passenger Rail Project. With the backdrop of a quieter issuance environment and a subtle decrease in U.S. Treasury yields, the conditions appear ripe
In a pivotal move aimed at bolstering its financial standing, the Louisiana State Bond Commission has authorized a significant issuance of $400 million in general obligation bonds. This decision, approved unanimously by the commission led by State Treasurer John Fleming, reflects the state’s strategic efforts to manage its fiscal responsibilities while addressing immediate financial needs.
The municipal bond market has been navigating through a phase marked by noteworthy fluctuations and mixed results. Against the backdrop of relatively stable two-year municipal to U.S. Treasury (UST) ratios and varied investor sentiment, the landscape signals both challenges and opportunities for various stakeholders. In this analysis, we delve into recent market behavior, upcoming supply
Tampa International Airport (TPA), an essential hub within the vibrant Tampa Bay area, is gearing up to issue approximately $484 million in senior bonds that are eligible for alternate minimum tax. This initiative is particularly significant, considering it arrives hot on the heels of a ratings upgrade from Fitch Ratings—an endorsement of the airport’s increasing
As of Thursday, the municipal bond market is experiencing notable firmness, influenced by a rally in U.S. Treasury yields and an uptick in equities. Data from Municipal Market Data reported the two-year to UST ratio at 63%, with subsequent maturities falling slightly behind, highlighting a relatively stable environment for municipal bonds amid overall market fluctuations.