Municipal bonds serve as the foundation of infrastructure development, providing tax-exempt returns to investors while fueling the construction of essential projects across our communities. These bonds, once issued, also create opportunities for the issuers to generate potential arbitrage opportunities. With the Federal Reserve increasing interest rates over the last few years to ease inflation, this …
Tax-exempt bonds are an excellent way for municipalities, such as schools, cities, or counties to pay for projects. These projects, or capital expenditures, may be buildings or other new construction, or even renovations to existing structures. When the municipality issues these bonds — called municipal bonds — the bonds’ tax-exempt status makes them attractive to …
As we enter the waning days of 2023, it’s important to take some time to reflect on what we’ve accomplished. And for some issuers of tax-exempt bonds, on what we still have to accomplish. You see, as 2023 comes to a close, so too does the three-year temporary period for construction bonds issued in 2020. …
Interest Rates Are On The Rise You’ve probably heard about rising interest rates in this country. Unless you’ve been on a year-long sabbatical in the Amazon. If so, welcome back. Early in 2022, the Federal Reserve, through its Federal Open Markets Committee (FOMC), began raising its federal funds target rate from near-zero levels. The federal …
