Chicago’s recent decision to defer a vote on a substantial $1.5 billion bond measure has sparked intense debate among city officials, budget analysts, and the general public. This financial maneuver, intended to manage the city’s debt through a planned tender offer, poses significant implications for the city’s credit quality and financial health. With opposition emerging
Bonds
As the financial landscape evolves, the demand for bond insurance has witnessed a notable upsurge through the first three quarters of 2024. The bond insurance sector, which plays a crucial role in safeguarding municipal bonds, saw an impressive year-over-year growth of 26.8%, as reported by LSEG data. The total debt wrapped by bond insurance reached
The launch of the Equitable School Revolving Fund LLC (ESRF) next week introduces a groundbreaking model aimed at supporting charter schools through a significant financial mechanism. With an announcement of $300 million in A-rated social bonds, this pioneering loan pool continues to catch the attention of educational and financial stakeholders alike. Founded in 2017 by
Over the past few trading sessions, municipal bonds have faced marginal weakening, marking their fourth consecutive day in this trend. This follows the notable declines in U.S. Treasury yields, all while equity markets show signs of life with gains. On Wednesday, municipal bond yields rose up to three basis points, whereas U.S. Treasury (UST) yields
The University of Arizona finds itself at a crucial juncture as it prepares to enter the municipal bond market, launching its first bond issue following significant financial concerns. This bond initiative, valued at approximately $115.645 million under the Stimulus Plan for Economic and Educational Development (SPEED), is notably a move to refinance previous debt incurred
Cleveland is set to re-enter the municipal bond market with significant offerings aimed at funding critical infrastructure projects and maintaining fiscal stability. The city’s financial landscape, characterized by its unique challenges and opportunities, will be put under scrutiny as it moves forward with two notable bond issues this month—an approximately $64.4 million general obligation (GO)
The municipal bond market has recently shown signs of pressure against a backdrop of geopolitical concerns and mixed economic indicators, especially as we approach the latest U.S. payroll data release. This article aims to dissect the current state of municipal bonds, including weekly inflows, market dynamics, and prevailing interest rates, while also identifying key trends
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
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