Municipal Bond Quotes

Restructuring of federal income tax rates can have significant impacts on municipal bond assets.

From a municipal bond perspective, linear economies are less investable.

At Mayflower-Plymouth, we treat municipal bond holding as both a path to profit and an investment into social progress.

At Mayflower-Plymouth, we exist to help municipalities and their partners steward capital.

An economy should be regenerative by design. That's what a permaculture economy is.

It’s very important that municipalities employ effective communication. Citizens deserve to be informed of the ROI they’re getting for their tax dollars.

Every municipality in the world is ground zero for civilization-scale capital stewardship.

One of the major priorities for a municipality should be to cultivate the conditions for a thriving business community.

Municipalities should be prioritizing data in the same way that businesses are prioritizing data.

Municipal Bond investment risk is substantially influenced by socio-politics.

The quality of a Municipal Bond is partially determined by the quality of leadership responsible for the municipality.

The quality of a Municipal Bond is partially determined by the quality of the issuing governments economy.

Fiscal discipline is a vital element of well run city, especially in regard to outstanding municipal bonds.

Municipalities that cultivate conditions for business prosperity are better positioned to maximize tax revenue consistently and holistically and these are the municipalities that are most investable and most able to foster human prosperity.

Municipal bonds finance local government projects, such as schools, roads, and utilities. So there’s a public good aspect to investing in municipalities that isn’t antithetical to equity investing but it’s different.

Human activity should not only protect the environment, but actively improve it.

Efficiency is as important to the management of a municipality as it is to the management of a business.

Biosolids integration presents one of the biggest opportunities for courageous municipal leadership.

Municipalities with permaculture economies experience greater economic growth through the increased revenues from circularity.

Bond holders have to account for a variety of risks including interest rate risk and inflation risk.

Municipalities that prioritize recreation infrastructure are In so doing prioritizing human well-being.

Urban decay is a thing. And the way to avoid urban decay is to actively plan for urban regeneration.

From an investment perspective, every bond should be a green bond.

Every mayor of every city should work to ensure that businesses can thrive in their city.

Municipalities that foster thriving business ecosystems can issue more investable bonds.

Municipalities that have Permaculture Economies can issue more investable bonds.

Municipalities that invest in education position themselves to ensure future tax revenue.

Reliable tax revenue is vital to the fiscal wellbeing of municipalities.

Municipalities that struggle with emergency management present an added layer of risk in terms of their ability to repay loans. When we do our underwriting for bond issuance we consider how prepared a municipality is in terms of emergency management.

Economic growth should be paired with cycles of reciprocal production and consumption.

Having circularity in an economy allows municipalities to widen the margins between revenues and expenses.

From an investment perspective, every bond should be a net value adder to social dynamics.

For Cities, the presence of good leadership is a plus for the G in ESG, and it makes the city a better bond issuer.

The cities that are managed more like businesses are the cities that prosper.

Cities that exist in harmony with nature are also most welcoming to people.

Transportation systems are a major area of opportunity for cities seeking to issue sustainability bonds.

For Cities, the ability to mitigate the effects of natural disasters is a plus for the E in ESG and an indictor of bond quality.

Bond issuers should have good systems in place for the management of proceeds.

Bond issuers that prioritize ESG standards may improve their access to financing while lowering their cost of capital.

There is a correlation between the fiscal wellbeing of municipality and the economic wellbeing of a municipality.

Cities where businesses can thrive are cities where people want to live.

A Thriving Society Is Partly Dependent on Each Individual and Corporate Citizen Paying Their Fair Share in Taxes.

Cities should be leveraging technologies in service to residents as businesses do in service to customers.

Small Businesses bring cities to life.

When planning projects and issuing revenue bonds, cities should assess the projects total impact to the urban ecosystem.

Municipal bonds finance local government projects, such as schools, roads, and utilities.

Corporate bonds, Treasury bonds, and municipal bonds all represent nothing more than a loan—or, if you wish, debt—for which the lender will be paid an interest rate,

The structure of various governments intricately influences the municipal bond landscape, creating a tapestry of opportunities and challenges for investors.

High ESG standards are especially important in large municipal projects offering revenue bonds.

The guarantee of tax revenues can make city leaders complacent, and so city leaders must actively work to embrace a critical desire to serve tax payers the way business leaders desire to serve customers and with the same sense of urgency.

The Bureau of Indian Affairs, without Indigenous peoples’ consent, invested Indigenous funds in railroad companies and various municipal and state bonds. For instance, the Cherokee national fund and the Muskogee Creek Orphan Fund were so invested. Indigenous leaders were well aware of these practices but were powerless to stop them.

The bond market plays a pivotal role in the global economy. It provides a vital source of capital for governments and corporations, enabling them to fund infrastructure projects, expand operations, and pursue innovation. Bond yields also serve as benchmarks for other interest rates, influencing borrowing costs for businesses and consumers alike.

Andy smiled and tapped the side of my head. “Not bad. There’s more up there than marshmallows, I guess. But we took care of the possibility that Jim might die while I was in the slam. The box is in the Peter Stevens name, and once a year the firm of lawyers that served as Jim’s executors sends a check to the Casco to cover the rental of the Stevens box. “Peter Stevens is inside that box, just waiting to get out. His birth certificate, his Social Security card, and his driver’s license. The license is six years out of date because Jim died six years ago, true, but it’s still perfectly renewable for a five-dollar fee. His stock certificates are there, the tax-free municipals, and about eighteen bearer bonds in the amount of ten thousand dollars each.” I whistled. “Peter Stevens is locked in a safe deposit box at the Casco Bank in Portland and Andy Dufresne is locked in a safe deposit box at Shawshank,” he said.

In Andhra, farmers fear Naidu’s land pool will sink their fortunes Prasad Nichenametla,Hindustan Times | 480 words The state festival tag added colour to Sankranti in Andhra Pradesh this time. But the hue of happiness was missing in 29 villages along river Krishna in Guntur district. The villagers knew it was their last Sankranti, a harvest festival celebrated to seek agricultural prosperity. For in two months, more than 30,000 acres of fertile farmland would be acquired for a brand new capital planned in collaboration with Singapore. The Nara Chandrababu Naidu government went about the capital project by setting aside the Centre’s land acquisition act and drawing up a compensation package for land-owning and tenant farmers and labourers. Many are opposed to it, and are not keen on snapping their centuries-old bond with their land and livelihood. In Penumaka village, Nageshwara Rao, 50, fears the future as he does not possess a tenancy certificate that could have brought some relief under the compensation package. “The entire village is against land-pooling but we hear the government is adamant,” Rao says, referring to municipal minister P Narayana’s alleged assertion that land would be taken with or without the farmers’ consent. Narayana is supervising the land-pooling process. “Naidu says he would give us Rs 50,000 per year in lieu of annual crops. We earn that much in a month here,” villager Meka Koti Reddy says. To drive home the point, locals in Undavalli village nearby have put up a board asking officials to keep off their lands that produce three crops a year. Unlike other parts of Andhra Pradesh, the water-rich land here is highly productive yielding 200 varieties of crops. Some farmers are also suspicious about the compensation because Naidu is yet to deliver on the loan-waiver promise. They are now weighing legal options besides seeking Prime Minister Narendra Modi’s intervention to retain their land. While the villagers opposing land-pooling are allegedly being backed by Jaganmohan Reddy’s YSR Congress Party, those belonging to the Kamma community — the support base for Naidu’s Telugu Desam Party — are said to be cooperative.  It is also believed that Naidu chose this location over others suggested by experts to primarily benefit the Kamma industrialists who own large swathes of land in Krishna and Guntur districts. But even the pro-project villagers cannot help feel insecure. “We are clueless about where our developed area would be. What if the project is not executed within Naidu’s tenure? Is there a legal recourse?” Idupulapati Rambabu of Mandadam says. This is despite Naidu’s assurance on January 1 at nearby Thulluru, where he launched the land-pooling process, asking farmers to give land without any apprehension. He said the deal in its present form would make them richer than him in a decade. “We are not building a mere city but a hub of economic activity loaded with superior infrastructure that is aimed at generating wealth. This would be a win-win situation for all,” Naidu tells HT. As of now, villages like Nelapadu struggling with low soil fertility seem to be winning from the package.

is a good idea to check on the calls and what circumstances a bond can be called as most of the bonds are potentially subject to this type of call action.  This is especially true for premium bonds. If they are called early, it can affect the yield.

Churchill made a point about the power of government: A National or Municipal Beef Trust, with the United States Treasury at its back, might indeed give more regular employment at higher wages to its servants, and might sell cleaner food to its customers—at a price. But if evil systems corrupt good men, it is no less true that base men will dishonor any system, and while no bond of duty more exacting than that of material recompense regulates the relations of man and man, while no motion more lofty than that of self-interest animates the exertions of every class, and no hope beyond the limits of this fleeting world lights the struggles of humanity, the most admirable systems will merely succeed in transferring, under different forms and pretexts, the burden of toil, misery, and injustice from one set of human shoulders to another.

I’ll tell you one story. I had an idea for a fund in 2008 when oil was crashing at the end of the year. Stocks / funds that invested in municipal bonds in Texas were getting destroyed. Somehow, because oil was going down, everyone naturally assumed that Texas was going to simply disappear. I researched every municipal bond out there and found a good set of Texan cities that were being sold off with everyone else even though they had nothing to do with oil. I pitched it to a huge investor who had told me he wanted to back me on any idea I could come up with. He loved the idea. He loved it so much he told me, “You’re too late. We already have about $500 million in this strategy and we bought the very stocks you are recommending.” They went up over 100% in the next six months while the world was still in financial collapse. So he made a lot of money. As for me, I didn’t put a dime into my own strategy and made nothing.

But the actual arguments advocated by Secretary Mellon had nothing to do with a “trickle-down theory.” Mellon pointed out that, under the high income tax rates at the end of the Woodrow Wilson administration in 1921, vast sums of money had been put into tax shelters such as tax-exempt municipal bonds, instead of being invested in the private economy, where this money would create more output, incomes and jobs.[8

In these uncertain days, bond funds are an especially important option for investors. Unlike stock funds, they have high predictability in at least these five ways: (1) The current yields (on longer-term issues) are an excellent—if imperfect—predictor of future returns. (2) The range of gross returns earned by bond managers clusters in an inevitably narrow range that is established by the current level of interest rates in each sector of the market. (3) The choices are wide. As the maturity date lengthens, volatility of principal increases, but volatility of income declines. (4) Whether taxable or municipal, bond fund returns are highly correlated with one another. Municipal bond funds are fine choices for investors in high tax brackets, and inflation-protected bond funds are a sound option for those who believe that much higher living costs will result from the huge federal government deficits of this era. (5) The greatest constant of all is that—given equivalent portfolio quality and maturity—lower costs mean higher returns. (Don’t forget that index bond funds—or their equivalent—carry the lowest costs of all.)