Raymond James
May 19, 2026
Municipal Bond Investor Weekly
Weekly UpdateRates Govt BondsRates CreditUtilitiesFinancials
This report analyzes the recent rise in Treasury and Municipal yields and highlights the growing investment opportunities in the water and sewer bond sector.
Key Takeaways
- 1.Treasury and Municipal yields rose significantly last week, with the 30-year Treasury yield ending above the 5% threshold at 5.12%.
- 2.The municipal water and sewer sector is experiencing record borrowing activity in 2026, with over $16 billion in new issuance driven by infrastructure needs and regulatory requirements.
- 3.Weekly new issue supply for municipal bonds is projected at $14.7 billion, including large deals from Texas, New York, and Michigan.
Table of Contents
- THE WEEK AHEAD
- MONDAY'S COMMENTARY
- THE NUMBERS THIS WEEK
- GO WITH THE FLOW: MUNICIPAL WATER AND SEWER BONDS
- ILLUSTRATIVE PORTFOLIOS
- NAVIGATING TODAY'S MARKET
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Authors
Julian JohnsonDrew O'Neill
Securities
Great Lakes Water Authority, MIGeorgia Housing and Finance AuthorityCity of Richmond, VACuyahoga County, OHTriborough Bridge and Tunnel Authority, NY
Themes
Essential Infrastructure InvestmentRegulatory-Driven Capital ExpenditureSearch for Yield in Volatile Environments
Regions
North AmericaUnited States