Bonds

Another reversal for U.S. Treasuries and equities while municipals held steady on Monday ahead of one of the largest new-issue weeks of the year at $17 billion. U.S. Treasuries erased most of Friday’s gains and equities rallied on easing concerns over Omicron. Triple-A benchmark yields were little changed to softer in spots. This led to
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The federal government is seeking feedback on the new Infrastructure Investment and Jobs Act and one of the act’s most high-profile sections, the electric vehicle charging infrastructure program. The pair of Requests for Information, published this week, mark the first step toward developing guidance for the $1.1 trillion package. The act features dozens of new
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Eric Adams has about a month before his Jan. 1 swearing in as New York mayor to prepare for his first budget presentation. While he inherits a city with roughly $15 billion in multiple rounds of emergency federal funding, better-than-expected revenue and diminished outyear budget gaps, a raft of fiscal variables will confront him at
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After a full seven trading sessions of volatility in U.S. Treasuries and equities, municipals ended Friday quiet, little changed, and again ignored the moves in other markets. Treasuries saw yields fall and equities sold off on lower-than-expected employment figures while triple-A municipal benchmark yields were steady to firmer by a basis point in spots. This
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The U.S. toll road sector is expected to continue its upward trajectory in 2022, as median tolled traffic and revenue growth are slated to exceed 2% and 4%, respectively. That’s according to Moody’s Investors Service’s U.S. toll road report released on Dec. 2nd. Toll road traffic saw its steepest ever decline in 2020 as a
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Municipals continued to cut their own path and were little changed with a few large deals taking the focus again Thursday even as U.S. Treasury yields rose and equities rallied. Stocks rose on optimism the latest COVID variant “won’t completely upend economic activity,” said Edward Moya, senior market analyst at OANDA. “The next couple of
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Municipals were mostly steady throughout the day and the primary was the focus while U.S. Treasuries whipsawed and stocks sold off after the first Omicron case was reported in California. The Investment Company Institute reported $974 million of inflows into municipal bond mutual funds and another round of small outflows from exchange-traded funds. Treasuries ended
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California is well-positioned to qualify for the plethora of federal broadband infrastructure money available through the $1.2 trillion infrastructure bill, according to Sen. Alex Padilla and others who spoke during an online event Tuesday. California Forward and California Emerging Technology Fund hosted the online webinar with Padilla, D-Calif., and several other speakers. The topic: what
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Puerto Rico’s General Fund net revenues came in 17.4% ahead of Oversight Board projections in the first quarter of the fiscal year. Revenues measured on an accrual basis were also 10.4% ahead of the first quarter of the prior fiscal year, according to data released by the Puerto Rico Treasury. Puerto Rico Secretary of the
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Municipals were little changed Monday while U.S. Treasuries pared back some of Friday’s gains and equities rebounded as markets generally calmed after initial Omicron fears were digested. Economists don’t appear to be too concerned about the latest COVID-19 variant. “Even if Omicron causes another pandemic wave, it is more likely to slow rather than interrupt
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Municipals were very lightly traded, particularly out long, giving little direction to triple-A benchmark yields and leading to another day of outperformance of the asset class to the volatility in U.S. Treasuries and equities. Triple-A benchmark scales were mixed with Refinitiv MMD leaving its scale unchanged, while IHS Markit, ICE Data Services and Bloomberg BVAL
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