Munis are experiencing a correction driven by high issuance and misaligned muni-UST ratios, according to Kim Olsan of NewSquare Capital. However, investors seem interested in the new, higher yields.
An index of AMT bonds has gained 1.84% year-to-date, outperforming a broad non-AMT index by 92 basis points.
Senior bondholders will take a nearly 70% haircut.
As the public backlash against data centers begins to influence politics around the beltway, industry supporters point to the effects of tax revenue generated at the local level.
Cloud tech and AI are two of the most important and impactful technologies for the development and operation of many analytical and optimization tools for the municipal market, company representatives say.
Budgets for Houston, Austin, Dallas, and Fort Worth come amid credit quality improvements and calls from Gov. Greg Abbott to rein in local government spending.
