Most investors are familiar with interest rates, but it's important to look beyond the headline rate. By looking at yield curves, investors gain better insights into market sentiment. Normal yield curves suggest a healthy market, steep yield curves indicate the start of economic expansion, and inverted yield curves can be a sign of trouble.

Construction work is underway at the $5.5 billion, 235-acre Port Covington waterfront redevelopment project in Baltimore, Maryland. The project is a public-private partnership between the city of Baltimore and Port Covington developers, and will be the beneficiary of bond financing to help pay for an estimated $1.4 billion of infrastructure. 

Puerto Rico's Financial Oversight and Management Board, Fiscal Agency and Financial Advisory Authority (Aafaf by its Spanish acronym) and Electric Power Authority (Prepa) reached a restructuring support agreement Friday with holders of 51% of the public utility's revenue bonds.

Bond financing facilitated by WHEFA will be used to help Wisconsin Illinois Senior Housing, Inc. ("WISH") finance the acquisition of Bell Tower Residence, Inc., an existing nonprofit community based residential facility, and certain real estate, improvements, and other assets in Merrill, Wisconsin.  Proceeds of the bond financing will also be used to finance the renovation and equipping of Fairs Oaks Health Care Center in Crystal Lake, Illinois, including upgraded skilled nursing resident rooms and enhanced common areas.

U.S. Representative Dutch Ruppersberger, a Maryland Democrat who leads the Municipal Finance Caucus, plans to introduce a bill later this month that would restore the tax exemption for state and local government bonds issued for so-called advance refundings. The new bill will be called the Investing in Our Communities Act.

California State Treasurer Fiona Ma announced the sale of $83.9 million in revenue bonds to provide financial assistance to local governments for safe drinking water projects. The sale represents the inaugural issuance of bonds by the California IBank for the Drinking Water State Revolving Fund Program.

CDFA // BNY Mellon Development Finance Webcast Series: The Landscape of Mega Project Incentives
Tuesday, June 18, 2019 - 1:00 PM Eastern

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There are substantial opportunities to leverage green bonds to finance low-carbon buildings and energy efficiency in the country. Issuance across the world shows that capital markets can be accessed to finance energy efficiency and buildings. Financing climate adaptation and resilience also presents opportunities.

Green bond guidelines are being implemented across the globe to support issuers and investors in selecting and reporting on suitable projects. However, a gap of adoption of green definitions remains, suggesting the need to develop consistent approaches that can increase the capability of issuers and investors to identify eligible green and sustainable assets.

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