The municipal bonds market has shown signs of improvement recently, with attention shifting towards the primary market as major players like Chicago and the Pennsylvania Turnpike Commission have entered the bond market with new deals. U.S. Treasuries and equities closed the session with mixed results, following the release of CPI figures. The consensus is that
Bonds
Dallas Fort Worth International Airport is gearing up to enter the municipal bond market with a significant $750 million deal. This deal has been given a boost by a recent rating upgrade and outlook revision to positive by S&P Global Ratings. The rating has been increased to AA-minus from A-plus, highlighting the airport’s strong enplanements,
The municipal bond market experienced weakness on Thursday as U.S. Treasury yields saw an increase and equities rallied. This rise in Treasury yields led to a two to seven basis points increase in Triple-A yields, while USTs saw a four to five basis points rise. Jennifer Johnston, the director of research of municipal bonds at
The Omaha City Council recently gave the green light to place a $333.4 million general obligation bond referendum on the upcoming Nov. 5 general election ballot. These GO bond funds are earmarked for various projects across the city, including sewer construction and improvements, streets and parking, public safety and convention center facilities, parks and recreation,
Long Island Power Authority (LIPA) is on the brink of transformative change with a new leadership team at the helm. This shift comes at a critical juncture as the authority prepares to price a billion-dollar bond issuance on Tuesday. The issuance will consist of $1.021 billion in electric system general revenue bonds, with $736 million
The municipal bond market experienced a significant surge in July, marking the seventh consecutive month of climbing issuance. Volume in July reached $33.935 billion in 576 issues, a substantial increase of 21.2% from the previous year. This surge was attributed to a variety of factors, including front-loaded issuance ahead of the election, a lower rate
The municipal market experienced minimal changes on Tuesday as the U.S. Treasuries showed signs of firmness and equities displayed a mixed performance towards the end of the trading session. Despite this, municipal yields have remained relatively stable, reflecting levels similar to those observed at the beginning of the previous summer. Tom Kozlik, the managing director
New York City is set to offer $1.2 billion of refunding general obligation bonds, representing its first deal of the fiscal year. Following the New York City Transitional Finance Authority’s recent sale of $2.11 billion, this offering will serve as a test of the market’s appetite for Big Apple debt. Patrick Luby, head of municipal
The U.S. Soccer Federation is embarking on a new venture with the development of its headquarters and training facility in Georgia. The project aims to revolutionize the way soccer is promoted and supported in the United States. By issuing $200 million of tax-exempt revenue bonds, U.S. Soccer is looking to fund most of the $225
In an exciting development in the municipal bond industry, a pair of seasoned professionals has recently left Preston Hollow Community Capital to establish their own firm, V2 Municipal Capital. This new venture aims to partner with alternative asset manager Fundamental Advisors to source high-yield municipal deals. The founders, Charlie Visconsi and Ron Van Den Handel,