Recent weeks have exposed the municipal bond market to significant uncertainty as President Trump’s tariff pronouncements rippled throughout various sectors. However, the true narrative reveals a resilient bond market that, despite the chaos, has shown unexpected strength and adaptability. Jamie Doffermyre of Truist Securities underscored this recovery at the Southeast Public Finance conference, indicating that
Bonds
In an audacious initiative designed to reshape the medical landscape, Harris County Hospital District, the principal healthcare provider for Texas’s largest county, has announced a groundbreaking decision to issue $839.5 million in limited tax bonds. This strategic maneuver is a first step towards tapping into the ambitious $2.5 billion debt authorization approved by voters in
Chicago’s recent call for qualifications (RFQ) regarding underwriting services marks a pivotal moment in the city’s financial dealings. Released on April 30 and setting a deadline for responses by June 18, this move is not just a routine bureaucratic process; it signifies Chicago’s substantial shifts in its economic strategy amid evolving market dynamics. The city
Shreveport, Louisiana, finds itself at a financial crossroads, navigating the murky waters of municipal bonds while facing significant credit challenges and the lure of essential infrastructure improvements. The city’s recent bond announcements, totaling a staggering $256 million, raise eyebrows not only for their intended purposes but also for the diminishing reserves and escalating debts that
In a significant financial maneuver, the North Carolina Local Government Commission greenlit a staggering $865 million in bonds—$325 million for the city of Charlotte and a substantial $540 million for Duke University Health System. Bond issuance can be a potent tool for funding essential projects, yet the sheer scale raises critical questions about fiscal responsibility
In recent months, Barclays Plc—a major player in municipal finance—has seen an exodus of talent, with at least ten employees vacating their positions. This is far more than just a minor staffing issue; it reflects a deeper, systemic problem within the organization. While the company heralds its accomplishments in underwriting and financing, the dissatisfaction that
In an audacious move that many would consider reckless, American Airlines is venturing into the murky waters of junk-rated bonds with a special facility revenue bond issue set to raise a staggering $350 million. This financing, designated for their expansive maintenance facility in Tulsa, Oklahoma, embodies the high-stakes game of corporate finance that relies on
Tennessee’s recent decision to ramp up its bond issuance to $1.01 billion for the fiscal year 2025-2026 raises eyebrows and questions regarding the state’s fiscal prudence. Initially approved at a mere $88 million for the current fiscal year, this sudden leap in bond issuance signals a concerning shift in priorities. While proponents may tout the
The municipal bond market has recently shown signs of robustness, even as outflows from municipal bond mutual funds have persisted. With recent shifts in U.S. Treasury yields and equities generating a more favorable climate, now might be the time for investors to reconsider their strategies. In stark contrast to the negative returns seen earlier this
The recent approval by the Louisiana State Bond Commission for a staggering $1.03 billion health care bond may seem like a beacon of hope for the state’s medical infrastructure, but buried beneath this seemingly beneficial façade is a complex web of financial ramifications that threatens to overshadow any potential gains. While the bond aims to