Markets

Markets are "tilting to a risk-off posture as participants brace for the chance of Trump tariff-sparked turbulence in the coming hours and days," said José Torres, senior economist at Interactive Brokers.

Moody's expects enplanements at the facility will remain below the low end of its former projections.

The Alpine School District deal will finance school buildings in a part of the district that will be split off into a separate entity in July 2027.

The county commission said it hopes to regain Moody's ratings this fall.

UST yields rose across the curve in response to the employment report with the two-year rising nearly 10 basis points while municipals largely ignored the moves and ratios fell as a result.

The growth of the muni market comes as issuance surges, with the first half of the year seeing $280.64 billion of supply, up 14.3% year-over-year, according to LSEG.

The deal is the second large bond issued from the Public Energy Authority of Kentucky this year.

A year after raising its ratings to investment grade, Moody's Ratings upgraded Detroit's issuer and general obligation bond ratings again, to Baa1.

MFS Investment Management predicts "compelling opportunities for muni investors" in the second half of the year.