The municipal bond market has never been one to shy away from volatility, but the tumultuous events that unfolded in March 2023 took many by surprise. Over the span of just a few days, municipal bond yields experienced some of the most significant fluctuations recorded in the last half-century. The acute market reactions were largely
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Municipal bonds are not for the faint of heart. Just when investors begin to feel secure about their holdings, events unfold that signal instability once again. Recently, the municipal bond market experienced an unexpected rally, reversing losses that had accumulated just a day prior. While some see this as a sign of resilience, others might
The recent announcement surrounding the $125 million bond issuance to finance an ambitious bus rapid transit project in Indianapolis evokes both optimism and caution. While on the surface it appears as a bold step towards enhancing public transit, deeper scrutiny reveals a more nuanced and troubling financial situation as municipal market dynamics shift. IndyGo, representing
In a bold financial move, Colorado’s Statewide Bridge and Tunnel Enterprise (BTE) plans to issue $212.45 million in revenue bonds, as it navigates a precarious landscape marked by litigation and fiscal uncertainty. These bonds, backed by upgraded underlying ratings since their last issuance, are not just a simple fundraising strategy; they symbolize a critical effort
The municipal bond market is often seen as a dull corner of finance, encumbered by traditional practices that leave issuers and advisors fumbling in the dark. BondLink and S&P Global Market Intelligence’s launch of Parity Plus addresses this pressing issue, providing the necessary air of sophistication and transparency. After more than two decades without major
As President Trump strode into the Rose Garden, the market braced itself for what was expected to be a seismic shift in trade policy. His announcement of sweeping tariffs has ignited a flurry of volatility across U.S. Treasuries and equities. While municipal yields had a seemingly stable day, the general sentiment in the market was
The municipal bonds market has recently shown signs of strain as it navigates through a complex environment plagued by governmental uncertainties and economic fluctuations. The impending announcement from the Trump administration regarding new tariffs has many investors on edge, and the parity between municipal bonds and U.S. Treasury yields reveals the tension in this sector.
The recent decision by the Maine Turnpike Authority (MTA) to expedite its $100 million refunding deal amidst swirling financial turbulence is a striking move. Initially scheduled for Wednesday, the deal was advanced to Tuesday to capitalize on a temporary uptick in market sentiment. This significant pivot underscores a crucial principle: timing can be everything, especially
As California gears up for a significant $2.5 billion general obligation bond sale, the complexities of its fiscal landscape are keenly felt. Scheduled for next week under a heavy issuance calendar, this bond deal is a noteworthy move not just for its size but for what it signifies in terms of California’s creditworthiness and financial
The municipal bond market, historically seen as a stalwart for investors seeking relatively stable and tax-advantaged returns, appears to be treading through uncrossed waters as we delve deeper into 2024. Recent data points illustrate a tightening of yields, a growing instability stirred by weak fundamentals, and a worrying trend of investor outflows. These factors collectively