As we approach the end of the year, the municipal bond market is experiencing notable fluctuations, largely influenced by selling pressures this past Friday. Despite a general downturn, the performance of municipal securities has outshone that of U.S. Treasuries during this turbulent period. This relative strength is noteworthy given the current supply constraints projected for
Bonds
Brightline West is on the cusp of redefining transportation in the American Southwest with its ambitious high-speed electric train project that aims to connect Las Vegas with Southern California. With an estimated budget of $12.4 billion, this project promises to be one of the largest infrastructure undertakings in recent U.S. history. By integrating advanced rail
Recently, the municipal bond market exhibited a slight uptick in firmness, particularly highlighted by the upsizing of the Triborough Bridge and Tunnel Authority’s (TBTA) bond issue, which reached an impressive $1.6 billion. This increase in issuance coincided with a rebound in municipal mutual fund inflows, suggesting a renewed interest from investors. In contrast, U.S. Treasury
As the public infrastructure market braces for the upcoming year, it stands at a precarious junction defined by both optimism and uncertainty. The economic landscape is evolving, affected heavily by political machinations in Washington and the imminent transition of presidential administrations. While there are promising signs of project developments, municipal financiers are treading carefully due
On a day marked by volatility, the municipal bond market showcased its resilience, outperforming the U.S. Treasury securities as equities closed lower. The microcosm of the finances reflects the broader tug-of-war between economic fundamentals and market reactions. For municipal bonds, the uptick in Treasury yields—recorded as rising across the curve, peaking at eight basis points
As urban infrastructure struggles globally, the New York Metropolitan Transportation Authority (MTA) unveils its innovative approach to financing: the issuance of its inaugural bonds backed by the real estate transfer tax, popularly known as the “mansion tax.” This bond sale, generating an anticipated $1.3 billion, marks a significant evolution in how the MTA navigates its
Municipal bonds have historically served as a sturdy investment vehicle for risk-averse investors, especially during periods of market volatility. As we delve into the developments of the municipal bond market in early 2025, we witness an intricate interplay between investor behaviors, yield dynamics, and macroeconomic factors set against a backdrop of forthcoming changes in fiscal
In a notable shift in the financial landscape, municipal bonds experienced significant sell-offs recently, with the most pronounced dips concentrated on longer-term maturities. This trend was juxtaposed against the backdrop of slight gains in U.S. Treasuries and mixed performances in equities, all underscored by the Federal Reserve’s latest meeting minutes. These minutes indicated a more
In a significant meeting held on Tuesday, the North Carolina Local Government Commission (LGC) granted approval for various bond deals that will finance essential infrastructure projects across several municipalities. The approved bonds include substantial amounts allocated for Mecklenburg County, the city of Durham, and the Piedmont Triad Regional Water Authority. This initiative marks a vital
The municipal bond market recently showcased a trend of stability amidst slight shifts in U.S. Treasury yields. As fiscal conditions fluctuate, investors are paying close attention to developments that signal changes in market conditions. This article will delve into the nuances of the municipal bond landscape, particularly focusing on the implications of recent trading behaviors,