Bonds

On Wednesday, municipal bonds saw improvement as focus shifted to the primary market. Chicago entered the market after a delay to price its general obligation bond deal, alongside deals from the Triborough Bridge and Tunnel Authority, the Pennsylvania Turnpike Commission, and the Las Vegas Valley Water Department. This positive movement came on the heels of
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Dallas Fort Worth International Airport is preparing to enter the municipal bond market with a $750 million deal after receiving a rating upgrade from S&P Global Ratings. The airport’s rating was increased to AA-minus from A-plus, indicating its strong enplanements, history of financial resiliency, and stable debt service coverage. This upgrade reflects the airport’s improved
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The Municipal bond market experienced a weaker performance on Thursday, influenced by the rise in U.S. Treasury yields and a rally in equities. This volatility has been particularly evident in the past several trading sessions, leading to fluctuations in both the municipal bond and UST markets. According to Jennifer Johnston, the director of research for
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The Omaha City Council recently approved placing a $333.4 million general obligation bond referendum on the Nov. 5 general election ballot. These bond proceeds are intended to fund various projects including sewer construction, streets and parking, public safety and convention center facilities, parks and recreation, highways and bridges, and police and firefighting equipment. According to
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The month of July saw a significant increase in municipal bond issuance volume, marking the seventh consecutive month of climbing issuance. Several factors contributed to this rise, including front-loaded issuance ahead of the election, a lower rate environment, and a breakneck pace of supply. July’s volume reached $33.935 billion in 576 issues, up 21.2% from
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In the midst of a fluctuating financial landscape, municipal bonds have remained relatively stable. The recent shifts in U.S. Treasuries and stock market performance have influenced the state of municipal bonds. Despite the ongoing impact of external factors, muni yields have sustained levels similar to those observed in the previous summer. This steadiness in yields
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