The landscape of local governance and financial management in North Carolina is undergoing significant shifts, as exemplified by the recent bond approvals by the North Carolina Local Government Commission during their latest meeting. A closer examination of these approvals, particularly in Mecklenburg County, Durham, and the Piedmont Triad Regional Water Authority, sheds light on the
Bonds
As the dust settles on the events of 2024, the municipal bond market appears to be at a crossroads. The approach of January typically heralds a new chapter for investors who are keen to reallocate their capital in response to market trends and economic signals. Recent activity, including fluctuating U.S. Treasury yields and mixed equity
The Oklahoma Turnpike Authority (OTA) is poised to re-enter the municipal bond market with a substantial $1.3 billion offering aimed at further financing a highly debated expansion project while simultaneously refunding previous debt. Set for the week of January 27, subject to favorable market conditions, this bond deal includes approximately $1.087 billion in tax-exempt second
The Indiana Municipal Power Agency (IMPA) is set to embark on a significant financial maneuver next week as it plans to issue $268.3 million in power supply system revenue bonds. The primary purpose of this bond issuance is twofold: to refund a series of earlier outstanding bonds and to finance essential capital projects that underpin
As we navigate the complex landscape of municipal bonds, several key factors emerge that highlight both current trends and future implications. With recent movements in U.S. Treasury yields and market dynamics impacting municipal finance, a clearer understanding of how these elements interact is essential for investors and analysts alike. In the most recent trading sessions,
The municipal bond market has demonstrated an environment of resilience, marked by modest shifts in yields and a shift in investor sentiment as we transition into the new year. As the bond calendar opens with an impressive influx of supply and an anticipated uptick in market activity, the atmosphere is ripe for both opportunity and
The commencement of 2025 in the municipal bond market has been marked by notable shifts driven by market dynamics and investor sentiment. As the year unfolds, we can glean significant insights from the trends observed in January. This article delves into the market behaviors that have shaped the early part of the year, particularly the
The year 2024 has witnessed an extraordinary upsurge in municipal bond issuance, reaching a record-breaking total of over $500 billion. This significant rise in activity, documented in LSEG data, demonstrates how a confluence of factors—including infrastructure demands, political climates, and major financing deals—has encouraged issuers to flood the market. The $507.585 billion in debt issued
Brightline, Florida’s high-speed rail service connecting Orlando and Miami, has recently found itself at the center of scrutiny following a serious collision with a fire truck. This incident marks yet another unfortunate chapter in a series of accidents involving the newly minted express train, raising questions about safety practices, operational protocols, and the broader implications
As the calendar year winds down, the municipal bond market braces itself for a myriad of challenges, especially against the backdrop of recent U.S. Treasury performance. The relationship between municipal bonds and Treasuries is complex, marked by periods of correlation and divergence, and December has proven to be a particularly tumultuous time. In this article,