Municipal Bonds
Municipal Bond Market Summary – Week Ending 8/13/21
PORT AUTH NY/NJ-TXBL decreased -3.1% from $125.80 to $121.94 after the Port of Miami made the largest sale of bonds of $1.4 billion last week, putting New York and New Jersey in the second spot after their sale of $1.1 billion last July.
Municipal Bond Market Summary – Week Ending 8/6/21
PORT AUTH NY & NJ-181 increased by 2.1% from $137.78 to $140.60 last week as news breaks of Amazon Global Air may be redeveloping air cargo facilities at Newark Airport.
Municipal Bond Market Summary – Week Ending 7/30/21
BROOKINGS SCH DIST is on the Municipal Bond Winner list with a 2.1% price change from $109.84 to $112.11 after proposing making masks optional in schools.
Municipal Bond Market Summary – Week Ending 7/23/21
DALLAS TX AREA RAPID increased 2.2% from $133.94 to $136.86 last week as Texas transportation was awarded an $89 million infrastructure deal.
Municipal Bond Market Summary – Week Ending 7/16/21
PUERTO RICO ELEC PWR increased 3.7% from $88.60 to $91.87 last week due to concerns of the stability of the electric grid and power outages increase as hurricane season is off to a fast start.
Municipal Bond Market Summary – Week Ending 7/9/21
UNIV VA-A-TXBL moved up 4.4% from $102.60 to $98.23 after issuing $400 million of bonds to finance projects aimed to improve the university’s medical facilities.