How should investors and ratings agencies vet the financial health of public airports? Many traditional measures of financial efficiency and profitability aren’t entirely applicable to publicly-operated airports. In a new paper, researchers propose some metrics...
When COVID-19 hit in 2020 and airports turned into ghost towns, it was anyone’s guess whether some airports (and their bond ratings) could weather the storm. New research, published in a recent issue of the Journal of the Transportation Research Forum, shows how...
Who takes the longest to audit municipal bonds? New research provides an answer: school districts are fastest on average, and counties are slowest. The Government Finance Research Center of University of Illinois Chicago recently released their research analyzing...
Municipal bonds finally closes their worst quarter in decades, leaving Q1 in the past with a 6.1% loss. Seeking Alpha further noted: “It’s finally sinking in — investors now believe that rates are going higher,” Chris Johns, a managing director at Davidson Fixed...
Researchers have compiled a new dataset that can be used for analyzing government bonds, published in a recent issue of the BIS Quarterly Review. The researchers explain what makes their dataset novel: Key takeaways The BIS is publishing a new data set on bonds issued...
Three investment banks, including two giants and one smaller firm, are embroiled in a court battle that’s currently heating up. From Bloomberg: Citigroup Inc. and Nuveen LLC were accused of mishandling evidence that the municipal bond giant tried to strong-arm...