Mohamad Faizal Bin Ramli/iStock via Getty Images By Mark Paris & Tim Spitz Tim: Let's talk about supply and demand in the muni market. Has anything changed from what you were expecting earlier this year? Mark: Great question, Tim. Supply is still running at record levels this year, but the big shift is on the demand side, which has been stronger than many had originally expected. Some are predicti...
Mohamad Faizal Bin Ramli/iStock via Getty Images By Mark Paris & Tim Spitz Tim: Let's talk about supply and demand in the muni market. Has anything changed from what you were expecting earlier this year? Mark: Great question, Tim. Supply is still running at record levels this year, but the big shift is on the demand side, which has been stronger than many had originally expected. Some are predicting approximately $200 billion of new money flowing into muni bond funds, ETFs, and separately managed accounts over the course of 2026. 1 That kind of inflow could add about $50 billion in net growth to the muni market. 1 On the supply side, I'm still expecting around $600 to $625 billion in issuance to come to market, largely driven by energy-related and housing deals. 1 The bottom line is that with more buyers competing for bonds, muni prices could benefit — which could be a positive setup for investors who are already in the market or looking to get in. 1 Tim: You mentioned energy deals. Let's dig into pre-paid gas municipal bonds specifically. What makes them interesting for investors compared to traditional munis? Mark: Pre-paid gas bonds—or “prepays”—are a type of municipal bond that could potentially be a fit for certain investors who want exposure to corporate institutions while earning tax-exempt income. They are not your traditional muni bond, in that they are not the obligation of the participating municipal utility, but rather that of a corporate institution who issues the bond through a special purpose entity. More than 90% of these institutions are large banks and insurers. 2 As such, prepays tend to carry investment-grade ratings, 3 while typically paying a higher yield than other investment-grade munis. For example, the Bloomberg gas prepay index yielded 3.88% at the end of May, as opposed to the general obligation index's yield of 3.46%. Year to date, the prepay index has averaged a 42-basis point yield advantage over general obligation bonds. 3 Another con...
NYU professor Scott Galloway warns a wave of upcoming AI IPOs could trigger an 80% collapse for one new market debut, and the aftershocks may hit already-public AI names like Nvidia Corp and Tesla Inc. The Prof G Markets co-host...
NYU professor Scott Galloway warns a wave of upcoming AI IPOs could trigger an 80% collapse for one new market debut, and the aftershocks may hit already-public AI names like Nvidia Corp and Tesla Inc. The Prof G Markets co-host...
We would like to hear from people who have been affected by the disorder following anti-immigration protests on Tuesday night Violence erupted in Belfast on Tuesday night after protests against immigration in response to a stabbing attack that was captured in a graphic video . Police charged a 30-year-old asylum seeker from Sudan with attempted murder in connection with an attack in north Belfast ...
We would like to hear from people who have been affected by the disorder following anti-immigration protests on Tuesday night Violence erupted in Belfast on Tuesday night after protests against immigration in response to a stabbing attack that was captured in a graphic video . Police charged a 30-year-old asylum seeker from Sudan with attempted murder in connection with an attack in north Belfast on Monday night that left a man critically injured and prompted widespread condemnation. The suspect is to appear at Belfast magistrates court on Wednesday. Continue reading...
If there was any doubt that space-launch company SpaceX also owns and operates a serious artificial intelligence (AI) infrastructure business, Alphabet 's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google just wiped that concern away. SpaceX recently announced that Google will rent AI computing capacity from it for the next three years, for $920 million per month. That's a $30 billion contract, if you're keep...
If there was any doubt that space-launch company SpaceX also owns and operates a serious artificial intelligence (AI) infrastructure business, Alphabet 's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google just wiped that concern away. SpaceX recently announced that Google will rent AI computing capacity from it for the next three years, for $920 million per month. That's a $30 billion contract, if you're keeping score. That's also almost twice SpaceX's total 2025 top line of $18.7 billion, for perspective. More than anything, though, this deal injects a last-minute detail into the discussion that some investors weren't expecting, changing the IPO's rhetoric from pessimistic to optimistic. Continue reading
Marriage Benefits Men's Life Expectancy More Than Women's One data point has recently caused much astonishment, confusion and also anger online . As Statista's Katharina Buchholz details below , it is the finding that men benefit more from being married in terms of life expectancy than women do . In other words, that men live longer and healthier lives if they are backed up by a spouse in doing so...
Marriage Benefits Men's Life Expectancy More Than Women's One data point has recently caused much astonishment, confusion and also anger online . As Statista's Katharina Buchholz details below , it is the finding that men benefit more from being married in terms of life expectancy than women do . In other words, that men live longer and healthier lives if they are backed up by a spouse in doing so, while women don’t see the same support in prolonging their length and quality of life . The notion that men rob years of life from their wives and basically tag them on to theirs is, however, not supported by (most) research on the topic. Yet, the differences in how men’s and women’s lives are affected by marriage or the lack thereof are still significant. You will find more infographics at Statista In general, women tend to live longer and healthier lives than men for a variety of reasons, including greater health consciousness and a tendency to avoid risky behaviors, but also genetic and hormonal factors. A study published in 2020 in the Journal SSM – Population Health shows that at 65 years old, U.S. women were expected to live for an additional 19 to 21 years, while for U.S. men, this number only stood at around 16 to 18.5 years. Nevertheless, the devil is once again in the details and reveals itself when looking at the differences in sex and marital status. Here, married men aged 65 gain almost 2.5 years of life expectancy over their unmarried counterparts of the same age, boosting their outlook on life significantly. The data shows how having a spouse brings the life expectancy of married men quite close to that of never-married women - quite significant if one considers how fundamental the longer life span of women has been across ages and cultures. Married and never-married women, on the other hand, have a more similar expected lifespan. However, marriage also benefits women and increases their life expectancy, if only by 1.8 years on average compared to never-mar...