The pessimism from investors who bet on office buildings and mass transit can be seen in market signals that are flashing red.

Welcome to the fourth annual edition of APA Preserve. In this piece we explore many issues expected to impact the municipal market in 2019 after a year that has challenged conventional wisdom. This issues’ columns and features touch on a range of topics, including: Infrastructure in the U.S., how can municipals help?; Teacher strikes and their potential impact on both school and general obligation bonds; and more.

Welcome to the third edition of APA Preserve. Inside we explore many issues expected to impact the municipal market in 2018, and a look back at 2017, a year that seemed to challenge conventional wisdom.
This issue’s columns and features touch on a range of topics, including: Tax reform and its implications for the municipal market; Dedicated Tax Bonds: APA’s credit team’s view on how they may add more security than a General Obligation bond; and more.