May MuniLand Report
·
The Bloomberg Municipal Index posted a total return of 0.37%
in May.
·
Muni issuance totaled $53bn representing a decrease of
3.8% compared to May 2025, but May issuance was the 2nd
largest May issuance on record.
·
Yields above 4.50% and Tax Equivalent Yields approaching
9% are still gettable in the new issuance market.
·
In May 2026, MuniBond Mutual Fund flows were approximately
$10.3 billion in net fund inflows reflecting robust investor demand.
·
The last week of May 2026 saw inflows of $2.3billion,
which is the second highest weekly inflow dating back to 1992.
·
Tax-exempt money market funds saw net outflows of $1.4
billion. It appears that investors are extending their duration by investing in
longer bonds.
Examples of May 2026
Buys
·
Carlisle Valley School District, Pennsylvania
Limited
GO, Aa2 rated
PA Act
150 School District Intercept
5%
Coupon
4.68% yield to 2034 call, 2053 maturity
TEY over 8.00% for
high earning Pennsylvania residents
·
Cumberland County NJ – Police Station/Barracks
Aa3 rated
revenue bond
5%
Coupon
4.47% yield to 2036 Call
TEY over
8.56% for high earning NJ residents
·
Parkland Pa School District, Pennsylvania
Limited
GO, AA rated
PA Act
150 School District Intercept
5.25%
Coupon
4.59% yield to 2033 call, 2051 maturity
TEY over
8.00% for high earning Pennsylvania residents
·
Cuyahoga County OH Correctional Facilities
Limited
GO, Aa2, AA rated
5.0%
Coupon
5.30% yield to 2036 call, 2064 maturity
TEY over
8.55% for high earning Ohio residents
·
Atlanta GA Water and Sewer
Revenue
Aa3, AA- rated
5.25%
Coupon
4.54% yield to 2036 call, 2056 maturity
TEY over 8.55% for
high earning GA residents
BIG BOY UP #4014
Our country is celebrating her 250th
anniversary with special events across the nation. One event that caught our
eye is the Coast-to-Coast Tour of the Big Boy No. 4014.
This event is significant because this is
the first time this massive steam locomotive has traveled east of
the Mississippi River.
Eastern Leg Schedule
·
The calendar is strict about public access on certain
days.
·
The Altoona stop requires tickets.
·
We are circling the July 2 Reading Pa stop at 1:30pm and
the Pottstown PA stop at 3:30pm
·
Free Admission between 9am-3pm on July 4-5th at
the Philadelphia Navy Yard.
·
https://www.up.com/about-us/history/steam/schedule
Stats of this Engine:
·
133 ft long, 17 Ft high, 1.2m pounds, heavier than fully
loaded Boeing 747.
·
6300 horsepower
·
Boiler holds 10,5000 gallons of water… the tender carries
25,000 gallons of water with 28 TONS of fuel
·
For model train enthusiasts or budding enthusiasts, what a
terrific gift for the kids or grandkids. This Lionel model lists at a cool
$2899.00
https://www.lionel.com/products/union-pacific-vision-big-boy-4014-2331264/
Be sure to explore the America 250
celebrations in your hometown.
Being just 20 miles east of Philadelphia—the
“Cradle of Liberty”—there are plenty of special events to enjoy with friends
and family.
https://www.visitphilly.com/2026-philadelphia/
Best,
Jeff Watkinson
#MuniBonds #Munis #GetRealStayRich #municipalbonds #WatkinsonMunicipalBonds #TaxExemptIncome #BigBoy4014 #UP4014