The catastrophe bond market has shown increasing confidence in assuming wildfire risk even after the major disaster that struck the Los Angeles region of California at the…
Chicago Transit’s fiscal issues didn’t emerge in a single year and should serve as a warning for many other transit systems throughout the United States. In 2026,…
Since I am allegedly writing about the intersection of the bond market and economics, I need to periodically check in with what is happening in the bond…
Long-term U.S. treasury rates increased again this week. The 30-year treasury had an increase of 0.07%. The 10-year treasury rate saw an increase of 0.06% and is…
Hurricane Erin is now in the Atlantic, notably the first tropical storm to achieve hurricane status this season. Catastrophe bond and insurance-linked securities fund manager Twelve Securis…
Brightline, the private rail line linking Orlando to Miami, refinanced $985M of junior debt at a record-high 14.89% yield, reflecting deep investor concern after delaying a July…
I was slow to the outrage about the floated idea of stopping the publication of the monthly Jobs report (in favour of just the quarterly numbers). It…
A majority of long-term U.S. treasury rates increased this week. The 20- and 30-year treasury rates had the largest increase of 0.11%. The 10-year treasury rate increased…