Prepaid Gas, Housing Municipal Bonds Expected to Expand -- Market Talk

Dow Jones03-25 23:59

1159 ET - Municipal bonds issued to prepay for natural gas supply are among the rising stars in the marketplace, Baird Funds' Lyle Fitterer says. "The number of obligors that are bringing deals in that market continues to expand," he says, referring to private-sector gas suppliers typically involved in these deals. Obligors require added attention from investors used to deals that rely almost exclusively on municipal and state authorities, he says. "That just is a different dynamic, more volatile component from a credit perspective." Separately, Fitterer said munis financing single-family and multi-family home have attracted "a tremendous amount of demand," as they can result in lower mortgage rates and provide affordable housing. (paulo.trevisani@wsj.com; @ptrevisani)

(END) Dow Jones Newswires

March 25, 2026 11:59 ET (15:59 GMT)

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Obligors require added attention from investors used to deals that rely almost exclusively on municipal and state authorities, he says. \"That just is a different dynamic, more volatile component from a credit perspective.\" Separately, Fitterer said munis financing single-family and multi-family home have attracted \"a tremendous amount of demand,\" as they can result in lower mortgage rates and provide affordable housing. 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Obligors require added attention from investors used to deals that rely almost exclusively on municipal and state authorities, he says. \"That just is a different dynamic, more volatile component from a credit perspective.\" Separately, Fitterer said munis financing single-family and multi-family home have attracted \"a tremendous amount of demand,\" as they can result in lower mortgage rates and provide affordable housing. 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Obligors require added attention from investors used to deals that rely almost exclusively on municipal and state authorities, he says. \"That just is a different dynamic, more volatile component from a credit perspective.\" Separately, Fitterer said munis financing single-family and multi-family home have attracted \"a tremendous amount of demand,\" as they can result in lower mortgage rates and provide affordable housing. 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Obligors require added attention from investors used to deals that rely almost exclusively on municipal and state authorities, he says. \"That just is a different dynamic, more volatile component from a credit perspective.\" Separately, Fitterer said munis financing single-family and multi-family home have attracted \"a tremendous amount of demand,\" as they can result in lower mortgage rates and provide affordable housing. 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