California is gearing up to launch a $2.5 billion tax-exempt general obligation bond sale, marking the state’s second largest bond offering of the year. The funds raised from this sale will be allocated towards financing voter-approved projects, paying off outstanding commercial paper, and refunding existing general obligation bonds. Fitch Ratings has assigned a AA rating
Bonds
The North Texas Tollway Authority (NTTA) is embarking on a $1.126 billion deal to seek savings through bond refundings and tenders. This deal, which is the highlight of this week’s municipal bond sale calendar, includes two series of tax-exempt debt. The first series consists of $446.14 million of first-tier revenue bonds, aiming to fund a
The municipal bond market has been relatively stable over the past few weeks despite rising U.S. Treasury yields and mixed equity markets. Looking at the recent inflow trends into municipal bond mutual funds, it is evident that investors have been adding significant amounts of capital into these funds, indicating a growing interest in the municipal
The municipal bond market experienced stability on Wednesday as the largest deals of the week priced, coinciding with over $1 billion of inflows into municipal bond mutual funds reported by the Investment Company Institute. The U.S. Treasuries remained relatively stagnant across the curve, while equities closed lower towards the end of the day. Various ratios,
The municipal market data article provides an in-depth analysis of the current state of municipals, U.S. Treasury yields, and equity performance. It delves into various ratios, market conditions, and expert opinions to give readers a comprehensive overview of the municipal market landscape. However, the article lacks a cohesive structure and fails to present the information
The Junk-rated Pennsylvania nonprofit regional healthcare system, Tower Health, is embarking on a journey to exchange outstanding debt and issue new bonds as part of its efforts to bring about a successful turnaround. Through the Berks County Municipal Authority, Tower Health plans to issue $1.335 billion of revenue bonds, with the aim of exchanging $1.178
The municipal bond market has seen minimal changes in response to the rise in U.S. Treasury yields and the decline in equities. According to AllianceBernstein strategists, the summer technical picture of 2024 has been more robust compared to the previous year, with total returns for the June to August period reflecting a stronger performance. In