In a bold move to address critical needs while fostering recovery, Minneapolis is set to issue general obligation bonds next week. This ambitious financial plan, totaling approximately $123.59 million, aims to tackle damage inflicted during the 2020 riots following George Floyd’s tragic death. As communities worldwide continue grappling with the aftermath of social unrest, Minneapolis’
Bonds
Municipal bonds have demonstrated notable stability in a fluctuating market, particularly in the wake of significant equity gains and a mixed performance in U.S. Treasury securities. The municipal market has effectively charted its own course, garnering heightened interest from investors and attracting consistent inflows into mutual funds over a sustained period. This article delves into
The municipal bond market remains in a steady state as we transition towards the end of the calendar year. A noticeable shift in focus has been observed with substantial activity in the primary market, where repricing has led to lower yields for certain large deals. This article delves into the current trends in municipal bonds,
The New York Power Authority (NYPA) has recently announced the issuance of green revenue bonds aimed at retail investors, following significant upgrades in its credit ratings from leading agencies. This strategic move, involving a total of $404.375 million in green revenue bonds initiated with $104 million available to retail buyers, highlights both the Authority’s commitment
The Los Angeles Unified School District (LAUSD) is set to make headlines with its ambitious plan to issue $1.1 billion in general obligation bonds designated as “sustainable.” This initiative reflects a broader trend toward environmentally mindful investments and comes at a time when the bond market is notably influenced by recent decisions made by the
As the frequency of extreme weather events rises and federal fiscal deficits swell, the responsibility for revitalizing our infrastructure is increasingly falling on the shoulders of state and local governments. It is imperative that these entities adapt to the pressing demands for resilient infrastructure, which is no longer just a theoretical concept but is now
In recent trading sessions, the municipal bond market has displayed a mix of stability and slight improvements in certain sectors. As yields on U.S. Treasuries experience a downward trend, market participants remain cautiously optimistic, particularly with the impending Federal Open Market Committee (FOMC) rate decision on Wednesday. The anticipation surrounding the Fed’s interest rate alterations
In the evolving landscape of municipal bonds, recent trends suggest a steady yet selective performance among various asset classes. Amidst declining U.S. Treasury yields and a mixed equity market, municipalities have shown resilience, with certain areas exhibiting firmness. With triple-A benchmark bonds reflecting slight increases of up to three basis points in different segments of
The landscape of municipal bonds exhibits intriguing dynamics as we navigate through late 2023. Recent data reveal that municipal bonds have remained relatively stable, with only minor fluctuations observed among one-year instruments. However, a noteworthy inflow of over $1 billion into municipal bond mutual funds signals a reawakening of investor interest. This article delves into
The municipal bond market has been experiencing robust weekly issuance for several months, driven by pent-up capital needs, dwindling federal aid, and front-loaded issuance strategies by state and local governments. This trend shows no signs of slowing down, with some strategists revising their 2024 volume forecasts upwards. For example, HilltopSecurities adjusted its issuance forecast to