On Wednesday, Wisconsin is set to launch a significant offering of general obligation bonds valued at $253.9 million, designated as Series 2025A. A pivotal portion of the proceeds—amounting to $30 million—will be allocated toward the replacement of the antiquated John A. Blatnik Bridge, which is crucial for transportation between Superior, Wisconsin, and Duluth, Minnesota. This
Bonds
The municipal bond market has maintained a relatively stable posture in recent days, despite fluctuations in other financial sectors. On a recent Thursday, municipal bonds exhibited minor changes, even as they experienced a wave of inflows from mutual funds. Concurrently, U.S. Treasury yields showed an upward trend, ultimately leading to a dip in major equity
Tennessee Governor Bill Lee’s proposed fiscal 2026 budget is making waves with its bold financial strategies, which include plans to issue $930 million in general obligation bonds. This proposal represents not just a response to immediate needs but also a crucial shift in the state’s fiscal policy as it embarks on a potential multi-year trend
The municipal bond market has shown a slight strengthening in specific areas, contrasting with the movements of U.S. Treasury yields which have continued to dip. As the Treasury market experiences fluctuations, the municipal-to-Treasury ratios reveal intriguing patterns that signify a mixed response from investors. According to recent data from Municipal Market Data, the ratios for
In a sweeping upward trend, the Northeast municipal bond market demonstrated impressive resilience and expansion in 2024, culminating in a staggering $132.3 billion in bond sales. This figure marks a remarkable $43 billion increase from 2023, reflecting a significant 47.9% surge that distinguishes the region as the leader in municipal bond issuance across the nation,
The announcement of Brightline West’s ambitious Las Vegas-Los Angeles bullet train project marks a significant milestone in private transportation infrastructure. The recent issuance of $2.5 billion in unrated private activity bonds with enticing yields reflects both the confidence of investors and the potential economic impact of the project. As we delve into the details surrounding
The landscape of the municipal bond market is experiencing nuanced transformations, shaped by ongoing economic developments and investor behavior. In the backdrop of a $2.5 billion financing deal for the Brightline West Passenger Rail Project, market participants witnessed steady to slightly firmer municipal bond prices, a trend that accompanies decreasing Treasury yields and softer equity
The Louisiana State Bond Commission has taken a significant step by approving a $400 million general obligation bond sale. Scheduled for a competitive sale on April 9, this decision aims to address the state’s multifaceted financial requirements. The bond proceeds will primarily fund critical infrastructure projects and unforeseen financial obligations, representing a strategic move to
The municipal bond market is experiencing a fluctuating landscape characterized by relatively stable pricing, shifting demand trends, and a complex interplay of economic factors. As we analyze the current state of municipal bonds, there are several intricate elements at play that investors need to consider. On a recent trading day, municipal bonds displayed minimal fluctuations,
Tampa International Airport (TPA) is set to embark on a significant financial endeavor by issuing $484 million in alternate minimum tax (AMT) eligible senior bonds, slated for pricing on Thursday. This move comes just after the airport received an upgrade from Fitch Ratings, which raised the rating on its subordinate debt from A-plus to AA-minus