The municipal bond market has shown signs of resilience and activity, with various developments impacting investor sentiment and market dynamics. Recently, the Triborough Bridge and Tunnel Authority (TBTA) took a significant step by upsizing a bond deal to $1.6 billion, amid broader trends of outflows from municipal mutual funds. Such movements are crucial to understanding
Bonds
The public infrastructure sector in the United States is witnessing a tumultuous landscape heading into the next fiscal year, characterized by both promising opportunities and considerable uncertainties. As stakeholders and municipal market participants prepare for a wave of projects, they face looming threats posed by potential shifts in funding strategies from Capitol Hill. The investments
As the municipal bond market continues to evolve, recent observations indicate a complex landscape marked by mixed performance amid rising yields in U.S. Treasury securities. On one hand, municipalities are exhibiting resilience, outperforming Treasuries during this period of volatility. The market for tax-exempt bonds is exhibiting noteworthy metrics, including a strong demand that is not
The New York Metropolitan Transportation Authority (MTA) has embarked on a noteworthy and innovative initiative: the issuance of bonds backed by its real estate transfer tax, commonly referred to as the mansion tax. This shift is significant as it opens new avenues for funding amidst the agency’s ongoing financial challenges, which have been exacerbated by
The beginning of 2025 has unveiled a complex yet hopeful scenario for municipal bonds. As the market gears up after a sluggish start due to holiday downtime, the forces at play are compelling enough to stir interest among investors. Despite the unpredictability that characterized the end of the previous year, recent data suggests a potential
The municipal bond market has recently experienced notable fluctuations, reflecting broader economic sentiments influenced by the Federal Reserve’s cautious stance on interest rate adjustments. This article intends to dissect the recent moves within the municipal market, evaluate the implications for investors, and discern the overarching fiscal strategies being employed by the Fed and other economic
The Local Government Commission (LGC) of North Carolina convened on Tuesday to discuss and ultimately approve a series of bond deals that signify substantial financial commitments to various local projects. In total, the commission sanctioned bond offerings totaling nearly $1 billion, earmarked for municipalities like Mecklenburg County and the city of Durham, as well as
The Oklahoma Turnpike Authority (OTA) is poised to make a significant return to the municipal bond market as it announces plans for a substantial $1.3 billion financing endeavor slated for late January. This ambitious initiative not only aims to fund a contentious roadway expansion project but also seeks to refund existing debts. The bond structure
As we step into 2025, the municipal bond market is showing signs of stabilization after a tumultuous end to 2024. The delicate balance between rising U.S. Treasury yields and mixed equity performances has led to a relatively unchanged condition for municipal bonds. According to data collected as of the first trading week of the year,
The Indiana Municipal Power Agency (IMPA) is poised to make a significant move in the municipal financing landscape by issuing $268.3 million in power supply system revenue bonds. Scheduled for a negotiated sale on January 15, these Series 2025A bonds are set to accomplish two primary objectives: refund earlier bonds and secure funding for capital