The recent announcement from Colorado’s Statewide Bridge and Tunnel Enterprise (BTE) to sell $212.45 million in revenue bonds is a concerning example of how government-managed entities can entangle itself in a legal web while purportedly addressing pressing infrastructure needs. These bonds, supposedly backed by revenue from bridge safety surcharges, are precariously situated between robust fiscal
Bonds
In an era where financial transparency and efficiency are paramount, the launch of Parity Plus by BondLink in collaboration with S&P Global Market Intelligence stands as a watershed moment for municipal bond issuers. This innovative platform not only modernizes a 20-year-old bidding system but also provides unprecedented levels of clarity and resource availability prior to
In an era of economic unpredictability, it’s the announcements from influential leaders such as President Donald Trump that can instigate considerable market volatility. A recent speech, which outlined sweeping new tariffs, exacerbated an already unstable trading environment. Although municipal yields remained unmoved, the unpredictability in U.S. Treasuries and equities drew particular attention. After the speech’s
The municipal bond market stands at an intriguing crossroads, oscillating between pressure from external economic shifts and the intrinsic fluctuations of its own metrics. As of recent reports, municipalities have been feeling the weight of negative technicals—a situation exacerbated by an increase in supply juxtaposed against declining demand. This situation is not just a fleeting
In a surprising twist reminiscent of a high-stakes poker game, the Maine Turnpike Authority (MTA) made the brave decision to shift its $100 million bond refunding deal up by a day. Originally set for Wednesday, this move comes in the wake of fluctuating economic conditions and a turbulent news cycle that led many to suspect
As California prepares to roll out a $2.5 billion general obligation bond offering, it’s vital to dive deeper into the implications of such a substantial financial maneuver. The bond issuance, touted as a critical aid for various capital projects, feels like a double-edged sword amid a heavy supply of new bond offerings that have seen
The landscape of municipal bonds appears notably turbulent as we dive deeper into 2024. Recent trends indicate a disturbing rise in yields that has left the municipal market reeling. Observers note that the upward trend in yields reflects not only changes within the market but also a broader economic atmosphere plagued by deteriorating fundamentals. Leading
The municipal bond market has recently experienced a significant downturn, characterized by double-digit yield cuts, a trend that highlights the increasing volatility and unpredictability within this sector. Municipal bonds, once considered a stable investment option, are now facing steep challenges—largely caused by macroeconomic uncertainties, shifting investor sentiment, and fluctuating Treasury yields. The recent sell-off indicates
In recent weeks, the municipal bond market has encountered notable challenges, as indicated by rising U.S. Treasury yields and sporadic equity market performance. Municipal bonds, often regarded as a safer investment choice for risk-averse individuals, are rapidly losing their appeal amid volatile economic conditions. With the two-year municipal to UST ratio at a mere 66%
In recent years, the municipal bond market—a realm once viewed as a sanctuary for risk-averse investors—has undergone a seismic shift. The latest spectacle to test this paradigm is a staggering $1.15 billion bond issuance aimed at financing a tire factory by the Salina Economic Development Authority in Oklahoma. This move highlights an escalating trend where