Municipal Market Analytics, Inc.

Lisa Washburn voices concern over Chicago's potential debt refinancing in The Bond Buyer https://lnkd.in/eiSbebxj

Municipal Market Analytics, Inc. quoted in Susan Crawford's piece on "What happens if climate adaptation goes private" https://lnkd.in/eScVz2rK

Pleased that MMA is offering this timely and comprehensive class - insights that are being made that are distinctive, informative and provocative. I joined the climate team at ICE to create the class and reconnected with my friend Evan Kodra to produce this important content.

Yesterday, the AAA municipal benchmark 30-year yield jumped > 15bps for only the fifth time since mid-2020. The extreme volatility that surrounded the pandemic created large swings in momentum, which weakens the visibility of the sometimes significant losses that have followed days when the 30-yr yield has jumped more than 15bps. Among the last 13 instances of the 30-yr yield increasing >15bps, there have been four times when losses have exceeded -2% over the following 5-trading sessions. Price change is measured using MMA’s 11-15yr price index.?

Municipal Market Analytics (MMA) and the Intercontinental Exchange (ICE) have partnered to bring you the Climate Risk and Municipal Finance Certificate—an essential program for understanding how climate events impact the U.S. municipal market. Sign Up HERE: https://lnkd.in/e_gmJR2i This 100% online, self-paced course equips you with the tools to assess climate risk, explore disclosure gaps, and analyze the financial implications of climate-related migration, infrastructure demands, and regulatory shifts. 6+ lecture hours | Downloadable slides| Approved by NASBA for 9 CPE credits! Gain the knowledge you need to make informed investment and risk management decisions amid a changing climate. Enroll TODAY! 10% discount to first 50 students (Code: 10DISCOUNT). Many Thanks! The MMA Continuing Professional Education Team

MMA's Chart of the Week: Sharp declines in equity indexes continued to garner headlines amid fears of a recession as a result of Trump’s tariffs and spending cuts. Bond yields have also come down as investors seek safety. At the start of January, MMA’s AAA 10-year benchmark yield was 3.11%, and as of today the 10-year yield sits at 2.94%. #fixedincome #municipalbonds #chartoftheweek?

"“It is a tipping point in the marketplace,”- MMA's Tom Doe said of S&P Global's downgrade of the LA Dept. of Water and Power in today's E&E News by POLITICO. https://lnkd.in/eFKYz8Er

From today's Outlook: "NEVER HAVE WE EVER…REVISED SECTOR OUTLOOKS SO QUICKLY ? Federal cuts, uncertainty, and increased costs behind MMA’s lowering of its state sector outlook and increased caution for state housing finance agencies. ? Few, if any, sectors are immune from the new administration’s actions; more outlook changes may be coming by mid-year.?" Let us help you navigate the continued expected uncertainty. Complementary trials are available.

Bank municipal holdings have continued to decline, in aggregate (as per FDIC) and as a percent of the Fed’s non-MBS “other” securities data.

Matt Fabian discusses Charter Schools' credit picture in today's The Bond Buyer https://lnkd.in/gfZkGRpR