In an effort to enhance public facilities, Cleveland is poised to re-enter the bond market with significant offerings scheduled for this month. The first of these, a general obligation bond deal amounting to approximately $64.395 million, aims to finance a variety of improvements, ranging from transportation infrastructure to recreational facilities. Following this initial offering, Cleveland
Bonds
On a recent Thursday, the municipal bond market faced notable pressure as U.S. Treasury securities reported losses driven by geopolitical tensions alongside mixed readings from macroeconomic data. With an important employment data release on the horizon, investors remained cautious, leading to a decline in equity markets nearing the day’s end. Despite these pressures, the latest
The robust economic data released recently from the U.S. payrolls sector has created significant ripples across the financial landscape, prompting traders and economists alike to reevaluate their expectations for future interest rates. The most recent jobs report indicated a far stronger growth in employment than analysts had predicted, which in turn led to a sell-off
The municipal bond market is currently displaying signs of softness, yet it continues to show resilience compared to the more significant downturn in U.S. Treasuries. Investors remain focused on the primary market, where an impressive volume of new issues is being successfully launched, thereby reflecting a robust appetite for municipal offerings. As this market undergoes
On the first of October, LGBTQ+ advocates gathered in Manhattan to mark the onset of LGBTQ+ History Month at the Muni Pride LGBTQ+ History Month Social Mixer. Among the significant figures present was Connecticut Treasurer Erick Russell, whose speech emphasized the critical importance of representation within traditionally conservative domains such as finance, law, and government.
In a decisive effort to enhance its transportation infrastructure, Massachusetts is set to issue $490.7 million in municipal bonds designed to finance improvements across the state’s commuter rail system and other vital transport projects. The bond sale, scheduled for this Wednesday, follows a retail order period precursory to pricing, which will encompass a complex structure
In the wake of significant social upheaval and the economic challenges posed by the pandemic, Minneapolis is moving towards a brighter future with a strategic issuance of general obligation bonds. This upcoming offering, aimed at raising $123.59 million through tax-exempt Series 2024 bonds, stands as a testament to the city’s commitment to recovery, rehabilitation, and
Municipal bonds, commonly known as munis, represent an important segment of the fixed-income market that often garners attention from both institutional and retail investors due to their tax advantages. Recently, the municipal bond market displayed notable stability, even in the face of a fluctuating Treasury market. As the week unfolded, the dynamics of supply, demand,
The municipal bond market is currently experiencing a steadiness that has drawn attention from investors, coupled with fluctuations in broader financial markets. This period has witnessed significant capital inflows into municipal bond mutual funds, signifying a robust investor interest. According to reports by the Investment Company Institute, $1.329 billion flowed into these funds for the
The New York Power Authority (NYPA) has made headlines with its recent issuance of $404.375 million in green revenue bonds, targeting retail investors initially with a portion of $104 million. This strategic move is not only indicative of the authority’s commitment to sustainable financing but is also a response to favorable credit rating upgrades from