Community Standouts
New Issuance
SEPTA streetcar rolling through Philadelphia

The Pennsylvania government is still kicking the can down the road on public transit funding. This time, it's using capital funds to plug operating gaps. 

SEPTA streetcar rolling through Philadelphia

The Pennsylvania government is still kicking the can down the road on public transit funding. This time, it's using capital funds to plug operating gaps. 

Anatomy of a Deal
MuniThink

Municipal bonds, issued by state and local governments, finance infrastructure investment and should be the foundation of any modernization package.

The Securities and Exchange Commission flag flies in front of a building.
MuniThink

Issuers routinely refund 5% bonds in year 10, and the resulting savings can be significant. It is notable that although refunding is typically associated with declining interest rates, 5% bonds are refunded even if rates rise.

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