Water Utilities Sell Record $21 Billion Bonds in 2026 as Trump Budget Cuts Loom
Updated
Updated · Bloomberg · Jun 18
Water Utilities Sell Record $21 Billion Bonds in 2026 as Trump Budget Cuts Loom
1 articles · Updated · Bloomberg · Jun 18
Summary
$21 billion of water and sewer bonds have been sold so far in 2026, the fastest pace for this point in the year since 2015.
Utilities are raising the debt to upgrade aging pipes and comply with tougher regulations while bracing for a potential pullback in federal funding under the Trump budget.
New York, California and Texas borrowers have driven the biggest share of issuance, underscoring how broadly utilities are turning to the bond market for capital.