Bonds

For over a decade, investors have been overwhelmingly captivated by a simplistic narrative: the allure of 5% callable municipal bonds. Market sentiment, fueled by the seductive returns of these high-yield instruments, has essentially led to a consensus that such bonds are a safeguarded bet, perpetually shielded from downturns due to their premium price. However, this

Recent events in the municipal bond market are signaling an unsettling trend that investors must pay attention to. Municipal bonds, which are usually seen as safe investments, have begun to exhibit a worrying weakness even as U.S. Treasury yields slip. As of late Thursday, key ratios suggested that the allure of these bonds is somewhat

The recent downgrade of the U.S. credit rating from AAA to Aa1 by Moody’s has sent shockwaves through financial markets, yet its immediate impact is less devastating than one might expect. As we dissect this critical development, it’s essential to assess not only the downgrade itself but also its potential repercussions for municipal bonds and

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

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