In today’s technologically driven world, local governments are increasingly becoming targets for cyberattacks, jeopardizing their financial stability and operational integrity. The recent incident involving White Lake Township, Michigan, serves as a stark reminder of these vulnerabilities. Following a serious cybersecurity breach that interrupted a substantial bond sale, the township has embarked on a renewed strategy
Bonds
As the municipal bond market settles into a steady rhythm, cautious optimism prevails. Recent data indicate stability leading up to pivotal decisions from the Federal Open Market Committee (FOMC), as U.S. Treasury yields show little movement. This steady performance, coupled with a mild uptick in equity markets, suggests that investors are bracing for significant policy
Iredell County, located just north of Charlotte, North Carolina, has recently taken an ambitious step towards enhancing its educational infrastructure by approving a substantial bond issuance worth $124 million. This financial maneuver involves both general obligation (GO) bonds and limited obligation bonds, which collectively aim to fund the construction of a new high school. The
As the municipal bond market continues to evolve, recent trends point towards a potentially lucrative horizon for investors. With primary issuance gaining momentum, coupled with a decline in U.S. Treasury yields and a positive performance in equities, the present landscape appears ripe for opportunity. Analysts’ insights and market data reveal important factors that are shaping
In the ever-evolving world of municipal finance, the recent developments provide a telling snapshot of market dynamics and investor behavior. As of Thursday, the municipal bond sector showed signs of instability, evidenced by a slower primary market juxtaposed against a tide of inflows to muni mutual funds exceeding $2 billion. Simultaneously, U.S. Treasuries faced rising
As the municipal bond market navigates the post-holiday landscape, recent trends indicate a stabilizing environment with evolving opportunities. After witnessing a brief rally in U.S. Treasury (UST) yields in mid-January, the municipal market has shown resilience, though not without its challenges. UST yields fell slightly on Friday, prompting some analysts to re-evaluate the attractiveness of
Bond insurance is increasingly becoming an indispensable tool for issuers aiming to enhance their market appeal and secure favorable financing terms. As we delve into the first half of 2024, it’s evident that bond insurance has not only prevailed but thrived in a challenging economic climate, marked by heightened investor interest and growing transaction volumes.
The municipal bond market exhibited notable steadiness on Monday, even as U.S. Treasuries showed signs of slight weakening. The equity markets reflected a mixed performance, highlighting the divergent trends affecting various asset classes. According to Refinitiv Municipal Market Data, ratios between municipal bonds and Treasury yields were relatively stable during the afternoon. The two-year muni-to-Treasury
The municipal bond market has recently exhibited stability, showing little significant fluctuation as trading progressed on Monday. The backdrop of firmer U.S. Treasury yields and a mixed performance in the equity markets has contributed to a relatively calm atmosphere in the municipal sector. Jason Wong, the vice president of municipals at AmeriVet Securities, noted that
In a complex landscape, the municipal bond market has been grappling with increased selling pressure, particularly noted on a recent Friday when these bonds demonstrated a performance that outstripped U.S. Treasuries (USTs). This trend appears to bolster the asset class as the year draws to a close, a period typically characterized by lighter supply. The