We’re facing an infrastructure crisis in this country. Many of our roads are crumbling, some of our bridges are unsafe, many schools are underfunded and our transit systems are aging and often overcrowded. Things are so bad that the American Society of Civil Engineers recently gave the United States a D+ rating in terms of infrastructure.
Matt PosnerJoin Me at GFOA to Talk Infrastructure Financing
With German bunds set to have their worst monthly performance this October since making headlines, this could have some implications for U.S. municipal bond markets. However, the market isn’t seeing negative implications just yet.
This month will see volume surge beyond a figure that while in 2016 hasn’t been too uncommon, is historically a ceiling rarely broken through. Given this supply dynamic, we look at historic precedent along with what it means going forward as far as interest rates are concerned.