The municipal bond market has recently demonstrated resilience amidst fluctuating U.S. Treasury yields and a mixed performance in equities. This stability is noteworthy, especially considering the significant movement in U.S. Treasury (UST) rates, which have experienced slight declines, offering a contrasting trend to the overall volatility seen in stock markets. Notably, it was reported that
Bonds
In November 2024, the municipal bond market experienced a notable decline in issuance, marking the first drop in year-over-year volume for the year. Reportedly, the total issuance dropped to $24.743 billion across 607 separate issues, representing a significant 33% decrease compared to the $36.918 billion across 822 issues recorded in November 2023. This reduction not
In a recent market development, municipal bonds showed signs of resilience, outperforming slight losses experienced in U.S. Treasuries on Tuesday, while both the Dow Jones Industrial Average and the S&P 500 achieved record highs. This uptick comes on the heels of the Federal Open Market Committee (FOMC) meeting, where minutes indicated that the Federal Reserve
Recent developments in municipal bonds have attracted attention, particularly following significant market movements tied to broader economic and political factors. As the U.S. Treasury experienced a notable rally, the yields on municipal bonds, commonly referred to as “munis,” saw a comparable decline. This shift reflects a general investor sentiment that has emerged in light of
The municipal bond market has seen notable stability and performance in November, particularly as the Thanksgiving holiday approaches. With a subdued trading environment leading into the holiday-shortened week, the performance indicators provide a clear insight into current market conditions and investor sentiments. This article delves into the dynamics and technical aspects of the municipal bond
The municipal bond market has shown notable resilience in the face of shifting economic indicators. With significant inflows into municipal mutual funds and relatively stable yields, investors are positioning themselves in a market that continues to offer enticing opportunities, particularly for those in higher tax brackets. As we analyze the current state of the municipal
Municipal bonds have shown remarkable resilience despite the volatility in the U.S. Treasury market. Recent data indicates that municipal secondary trading has not significantly influenced the yield curves of triple-A rated municipal bonds, which have managed to outperform their Treasury counterparts. Yield movements in the municipal sector have remained minimal, while U.S. Treasuries have faced
Grand Canyon University (GCU), a prominent Christian institution based in Phoenix, finds itself at a crucial juncture in its financial journey. This week, the university is set to embark on a significant municipal market operation, presenting a $520 million deal aimed at refunding cash-collateralized loans and addressing maturing obligations. In a climate where educational institutions
Santa Barbara, a city synonymous with affluence and coastal charm, is taking significant strides to enhance its public safety infrastructure. The municipality has announced its intention to raise a whopping $124.2 million through municipal bonds, enabling the construction of a modern police station and the renovation of a vital oceanfront park. The decision comes as
As we approach the end of 2024, the landscape for money market funds — both taxable and tax-exempt — reveals a remarkable transformation driven by investor sentiment and changing economic indicators. Amidst growing fears surrounding potential election outcomes and the subsequent cuts to Federal Reserve interest rates, these funds have soared to unprecedented levels not