Municipal bonds are fixed income securities issued to raise capital for public goods such as schools, roads, parks, etc. While municipal bonds are generally issued by state and local governments, revenue bonds (a subset of municipal bonds) are issued by state agencies or authorities for specific projects. Here we will explore the impact of COVID-19 on Georgia’s municipal bonds by tracking the performance of an index of 30 different bonds, as well as looking at individual municipal bonds.
YTD Municipal Bond Index Performance

Municipal Bonds Week of September 14-18

For the week of September 14-18, the index comprising 30 bonds was up 2.2% Year-to-Date, unchanged from last week. This is the third week in a row where the index stays largely stagnant, though it is worth noting that the already highly performing bonds moved in price this week, while the already poorly performing ones remained mostly stagnant or dropped slightly.

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Municipal Bonds Week of September 7-11

For the week of September 7-11, the index comprising 30 bonds was up 2.2% Year-to-Date, increasing by 0.1 percentage points YTD. This is the second week in a row where the index stays largely stagnant, though it is worth noting that the already highly performing bonds increased in price this week, while the already poorly performing ones decreased.

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Photo of an undetermined Georgia Tech home game during the 1918 college football season. That's when the sport was hit by the Spanish flu and the end of World War I.

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