The recent decision by the Kentucky State Property and Buildings Commission to authorize a staggering $860 million in bonds raises significant concerns about the state’s financial direction, particularly regarding housing affordability. While proponents might herald this as a necessary step for economic development and access to homeownership for first-time buyers, a deeper analysis reveals a
Bonds
As the landscape of the municipal bond market evolves, several unsettling trends indicate a market under stress and swirling with uncertainty. In recent weeks, municipal bonds have held steady, yet signs suggest we might be entering a phase of potential deterioration. U.S. Treasury yields have risen and equities saw gains; this favorable activity in the
In recent weeks, the municipal bond market has exhibited troubling signs, with yields rising as much as nine basis points. While this might seem like a minor fluctuation, it signifies a broader trend of instability that investors should take very seriously. The rising yields reflect not just volatility, but also a lack of confidence in
Houston’s recent announcement of a staggering $1 billion expansion for the George R. Brown Convention Center is a bold move, one that aims to position the city as a leading player in the conventions and entertainment field. This multiyear project, which encompasses a staggering 700,000-square-foot addition, aims for completion in May 2028. But behind this
Fort Worth, Texas, one of the nation’s fastest-expanding cities, is gearing up for a significant financial maneuver by potentially selling nearly $400 million in debt this year. The city plans to request voter approval for a staggering $800 million in general obligation bonds by 2026. While these figures might seem typical for urban growth, they
Memphis, Tennessee, is facing a stark transformation in its financial landscape, particularly concerning its sanitary sewerage system. Recent downgrades by S&P Global Ratings and Moody’s signify not just bad news, but a potent warning about the impending financial turbulence for the city’s utilities. S&P’s decision to slip Memphis’ sewer revenue bonds from AA-plus to A-plus,
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
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