Heavy Summer Bond Issuance By Texas School Districts Creates Value Opportunity For Municipal Investors
September 11, 2024 — In Texas, heavy population inflows over the last several years have created significant infrastructure needs throughout the state, particularly for new K-12 school buildings. As a result, bond authorization approvals for local Independent School Districts (ISDs) have surged from approximately $6 billion in 2013 to more than $35 billion in 2023, a 560% increase.
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Fixed Income
Is the Labor Market Weak Enough to Warrant a 50 Basis Point Fed Cut?
September 9, 2024 -- Last week, the long-awaited labor data showed a weakening labor market, but didn't give clear signals for the Fed to cut rates by 50 basis points at...
Fixed Income
The Dash from Cash
August 28, 2024 -- Over the past two years, money market investors have benefitted from higher returns with little risk. But with the Federal Reserve signaling a shift . . .
Fixed Income
The Time Has Come
August 26, 2024 -- Last week Fed Chair Jerome Powell made his long-awaited remarks at the Fed's annual Jackson Hole Economic Symposium, where he solidified a policy rate cut...