Grand Canyon University (GCU), based in Phoenix, is a notable educational institution with a complex financial history and an ongoing commitment to growth and development. Recently, the university announced a significant financing initiative aimed at refinancing its existing debt, specifically a $520 million deal to refund various loans. This step indicates GCU’s efforts to navigate
Bonds
Santa Barbara, a coastal gem in Southern California, is on the cusp of significant infrastructural developments that reflect both its affluence and commitment to community safety. In an effort to modernize its facilities and enhance public service, the city has opted to venture into the municipal bond market, securing $124.2 million for a state-of-the-art police
In today’s tumultuous economic landscape, characterized by fluctuating interest rates and political instability, investors are increasingly seeking refuge in money market funds. Recent trends highlight a significant uptick in both tax-exempt and taxable money market funds, which have reached new heights in 2024. This article examines the underlying factors driving this movement, explores the implications
The realm of municipal bonds has recently illustrated an intricate backdrop of performance that warrants thorough examination. As municipal yields shift subtly in response to broader market dynamics, investors must navigate a landscape shaped by election outcomes, Federal Reserve policies, and seasonal variations, all of which play critical roles in shaping municipal market performance. The
Hawaii is on the brink of engaging the financial markets, planning to issue $750 million in taxable general obligation (GO) bonds this December. With these bonds, the state aims to bolster its capital projects while also reimbursing previous expenditures. This issuance comes at a time when the state’s credit ratings have been reaffirmed by major
The landscape of public transportation is shifting, and the financing model pioneered by Brightline’s Florida passenger train project is leading the way. This ambitious initiative, which connects Miami to Orlando, has successfully navigated the complexities of municipal financing, culminating in an impressive $3.2 billion bond issuance. It signifies more than just a financial achievement; it
The municipal bond market is consistently in flux, adapting to various economic indicators and political decisions that reverberate through finance sectors. A recent examination of municipal yields amidst fluctuating U.S. Treasury performance reveals a complex interplay between interest rates, market demands, and economic predictions. This article offers an analysis of current trends in the municipal
At the recent Bond Buyer California Public Finance conference, the emphasis on new-issue pricing resonated deeply with attendees, particularly as articulated by SEC figurehead Dave Sanchez. In light of the Securities and Exchange Commission’s 2025 exam priorities, Sanchez underscored the pivotal role that municipal advisors and broker-dealers play in ensuring fair pricing practices. The essence
The financial markets are in a tumultuous state following the unexpected turnout of the recent elections, wherein Donald Trump secured a significant win, leading to a Republican domination in both the presidency and the Senate. This seismic political shift has had profound implications for various asset markets, particularly in the realm of municipal bonds and
As the U.S. financial markets approach a critical juncture, participants find themselves in a precarious position—awaiting election outcomes and Federal Reserve decisions that could significantly shift the landscape of both municipal and treasury markets. The observed steadiness in municipal bonds represents a calm before the storm, as market stakeholders prepare for the impending volatility spurred