Virgin Islands makes tender offer for matching fund bonds
The USVI government intends to refund the remainder of its outstanding bonds at the end of March.
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The USVI government intends to refund the remainder of its outstanding bonds at the end of March.
As municipals continue to underperform the moves in U.S. Treasuries, current ratios are attractive and present a buying opportunity.
The Russian invasion of Ukraine could slow interest rate hikes and has led the market to pull back on the chances of a 50-basis-point liftoff.
All markets, but particularly municipals, are in uncharted territory once again, with volatility amplified by the crisis in Ukraine and a still somewhat uncertain path for the Federal Reserve and inflation.
Between the long holiday weekend and investors trying to absorb the Russia-Ukraine developments, it was a slow start to the week in the municipal market.