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Higher interest rates and inflation are top of mind looking ahead to 2023. In fact, high interest rates were part of why SVB suffered losses that led to its failure.

In a matter of weeks, Silicon Valley Bank has become a household name. Mismanagement and lax US banking regulations led to the bank’s failure in mid-March. The Credit Suisse rescue followed quickly – raising further concern about banks and the implications for the economy and monetary policy.

It is a tricky time to manage municipal finances. Bill 23 has created uncertainty around who will pay for growth. Inflation is increasing costs across the board. And newly elected Councils are facing their first big budget decisions.

Increased interest rates to bring down inflation and Russia’s invasion of Ukraine are both lowering the prospect of economic growth. Markets are reacting.

ONE Investment shares the municipal sector’s commitment to investing public dollars in a way that meets high ethical standards, sustains our planet, and supports a more equitable society.

Bonds are a popular instrument for municipal governments and ONE Investment offers two professionally managed bond portfolios.