Next week, the New York City Transitional Finance Authority (TFA) plans to undertake a significant $1.6 billion refunding deal, which brings a mix of anticipation and caution in the context of a highly volatile market. This issuance isn’t out of the ordinary for the TFA; however, the national economic climate presents unique challenges that could
Bonds
In recent developments within the municipal bond market, a notable shift has occurred as short-term municipalities demonstrated an uptick in stability. The observed resilience is underpinned by consistent inflows into muni mutual funds and a deceleration in primary market activities. However, this optimism contrasts with a backdrop of rising U.S. Treasury yields and a downturn
In the world of municipal finance, January 2025 has proven to be an unexpectedly robust month for bond issuance. As municipal issuers rushed to market, the total volume rose to a striking $35.243 billion across 486 separate issues, an impressive 10.8% increase compared to the same month last year. This article examines the factors driving
The cybersecurity landscape is an increasing concern for municipalities worldwide, and the experience of White Lake Township, Michigan epitomizes this challenge. Following a devastating cyberattack that disrupted a $29 million bond sale, the township is pivoting towards recovery by planning for the issuance of new bonds aimed at financing a civic center. This article delves
In a significant move aimed at enhancing educational facilities, the Iredell County Commission in North Carolina has approved a plan to issue $124 million in general obligation and limited obligation bonds. This financial strategy has been designed primarily to fund the construction of a new high school, highlighting the county’s commitment to investing in the
Municipal bonds, often seen as a haven for fixed-income investors, are facing a period of unprecedented volatility and uncertainty. As the market waits for critical updates from the Federal Open Market Committee (FOMC), yields on U.S. Treasuries have remained largely steady, largely influenced by economic indicators and policy signals from the current administration. This article
As investor sentiment stabilizes within the municipal bond market, recent trading activity indicates an upward trend in valuations and an increased volume of transactions. This trend can be attributed to various factors, including favorable economic indicators and the current actions of the Federal Reserve. The noticeable shift comes at a time when U.S. Treasury yields
The municipal bond market has shown signs of volatility lately, indicating shifting dynamics for investors in the sector. This article delves into recent trends, the impact of macroeconomic factors, and investor behaviors that shape the performance of municipal bonds. Recent trading sessions reveal a weakening trend in municipal bonds, driven by a slowdown in primary
The municipal bond market has exhibited a complex interplay of factors recently, reflecting overall stability against a backdrop of evolving economic indicators. With U.S. Treasury yields experiencing a slight downturn and equity markets displaying a decline, the performance of municipal bonds becomes particularly noteworthy. This article delves into the recent trends in the municipal bond
Bond insurance, a financial safeguard offering increased security for debt issuers, is witnessing a notable surge in popularity among both retail and institutional investors. In the first half of 2024, the usage of bond insurance escalated significantly, with a reported 19.5% increase year-over-year in the volume of debt covered. This rise highlights shifting investor preferences