Philadelphia, famously known as the City of Brotherly Love, is stepping back into the financial markets with the issuance of an impressive $817 million in general obligation bonds. This move marks a significant departure from their last foray into the market in 2021, a period during which the city’s leadership and financial health underwent notable
Bonds
Guam’s Consolidated Commission on Utilities recently green-lighted the Guam Waterworks Authority’s proposal to issue $270 million in bonds. This initiative underscores a growing dependency on debt to manage essential infrastructure projects. With an all-in true interest cost of 4.91%, the authority’s funding strategy, as articulated by general manager Miguel Bordallo, invites scrutiny. While it’s easy
In a bold move, Salt Lake City is preparing to offer $900 million in sales tax revenue bonds aimed at transforming its downtown landscape, particularly with renovations to the Delta Center—home to the NBA’s Utah Jazz and, as of recently, the NHL’s Utah Mammoth. The appeal of urban revitalization is undeniable, especially in a city
Chicago finds itself in a precarious financial situation, poised to issue $517.95 million in general obligation bonds next week amid a concerning downgrade in rating outlook from Fitch Ratings. The city’s fiscal health has come under scrutiny as it confronts a staggering projected budget deficit of over $1.1 billion for 2026, constituting an alarming 20%
Investors in the municipal bond market often find themselves navigating a complex web of economic indicators, interest rates, and policy decisions. Recently, reports have pointed towards a steady performance in municipals, with specific ratios indicating a strengthening investment climate. However, beneath this veneer of stability lies a market riddled with risks and uncertainties that could
For over a decade, investors in the municipal bond market have been seduced by the allure of high yields, particularly those tantalizing 5% callable bonds. These financial instruments have become the go-to choice for many, appearing to offer guaranteed returns with minimal risk. However, upon closer scrutiny, a troubling reality emerges: the marketed safety of
The municipal bond market is the silent engine of U.S. infrastructure, funding essential services like education and transportation. Yet, recent trends suggest that this seemingly stable market is teetering on the brink of instability. With U.S. Treasury yields fluctuating, there is an eerie undercurrent of volatility that has investors on edge. The challenge, as we
The recent downgrade of the United States credit rating by Moody’s from AAA to Aa1 may seem like just another entry in the annals of financial news, but its implications are both profound and potentially far-reaching. It signals disquieting signals regarding our nation’s fiscal health and governance, much of which has been dismissed or glossed
In recent weeks, the municipal bond market has faced significant headwinds driven by tumultuous political events, particularly the tariff announcements from President Trump. This volatility has generated both concern and skepticism regarding the market’s endurance and overall health. However, as pointed out by industry experts like Jamie Doffermyre of Truist Securities, the resilience of this
In a significant financial maneuver, the Harris County Hospital District, the backbone of public healthcare for millions in Texas, is poised to issue $839.5 million in limited tax bonds this week. This is not merely a monetary transaction but a historic opportunity that taps into a massive $2.5 billion debt authorization approved by voters earlier