As we delve into the municipal bond landscape for the early part of 2025, the market appears to exhibit a steadfast nature, characterized by minor fluctuations at the shorter end of the curve. After experiencing several weeks of outflows, municipal bond mutual funds are signaling a resurgence with inflows totaling $842.4 million. This recovery comes
Bonds
On a turbulent Wednesday, the municipal bond market witnessed a notable sell-off, particularly across longer maturities. This shift occurred as market participants reacted to recent U.S. Treasury (UST) developments and insights from the latest Federal Reserve meeting minutes. While municipal yields rose by as much as 12 basis points, a trend echoed throughout various points
During a recent meeting, the North Carolina Local Government Commission gave the green light to a series of significant bond deals, reflecting a concerted effort by local governments to address infrastructural needs and other pressing financial requirements. In total, the commission approved bonds amounting to nearly $720 million, earmarked for various projects across municipalities, including
The municipal bond market has shown a relatively stable performance amidst modest fluctuations in U.S. Treasury yields. While the focus has been on yields and ratios, several underlying factors shape this sector’s current health and future prospects. As we delve into these recent developments, we can observe both challenges and opportunities that market participants should
In an ambitious move aimed at facilitating a substantial expansion of its roadways, the Oklahoma Turnpike Authority (OTA) is poised to enter the municipal bond market with a significant offering of $1.3 billion. This endeavor seeks not only to finance the ongoing ACCESS Oklahoma program but also to address existing debt obligations. With bookrunner Goldman
The Indiana Municipal Power Agency (IMPA) is set to issue $268.3 million in power supply system revenue bonds, a significant financial maneuver aimed at both refinancing existing debt and financing new capital projects. Planned to be priced on January 15 through a negotiated sale, these bonds represent an evolution of IMPA’s approach to funding amid
The municipal bond market has been experiencing a notable shift as economic pressures continue to influence yield trajectories and investment behaviors. The interplay of U.S. Treasury yields, market performance, and anticipated changes in tax policies shapes a complex landscape for municipal bonds in 2024 and beyond. This article explores current dynamics, performance metrics, and future
As we embark on the New Year, the municipal bond market is reflecting an intricate interplay of factors resulting in firm yields and investor sentiment. On one hand, a new issuance of over $5 billion is set to hit the market, and on the other, U.S. Treasuries are witnessing slight losses amid gains in equities.
The start of 2025 has signaled a shift in the municipal bond market as investors strategically deploy reinvestment funds. This uptick contrasts sharply with a previous week’s trend where municipal bond mutual funds faced substantial outflows. Despite some challenges, the entry into the new year has highlighted the resilience of high-yield munis, which concluded the
In 2024, the municipal bond market experienced an unprecedented surge, reaching record highs in issuance driven by a blend of infrastructure spending demands, election-related anxieties, and a wave of significant deals. An impressive total of $507.585 billion in municipal debt was issued this year, reflecting a staggering 31.8% increase compared to the $385.061 billion recorded