George Yacik

The Indiana Financing Authority is the biggest entry on 2025's largest negotiated calendar with $1.5 billion of Indiana University Health system revenue bonds.

A couple of "bond-friendly" economic reports released Thursday could encourage the Federal Reserve to reduce interest rates in the near future, some analysts argued.

Following a volatile April, a few municipal bond analysts are optimistic about the near-term future.

The muni market is coming out of oversold conditions, said David Litvack, a tax-exempt strategist at BofA.

The firmness in the market Monday came from a "settling down" after one of its most volatile weeks since the pandemic, said Cooper Howard of Charles Schwab.

The asset class extended its selloff last week as concerns regarding the tax-exempt status of munis continued to mount, combined with a heavy new-issue calendar and tax season selling by investors, said Jason Wong, vice president of municipals at AmeriVet Securities.

Municipals were narrowly mixed to start the holiday-shortened week, but the lighter supply should buoy the market.

Investors added $1.124 billion to municipal bond mutual funds in the week ending Wednesday, following $741.6 million of inflows the prior week, according to LSEG Lipper data.

January's municipal bond supply "will end up being heavier compared with the normally slow start of the year, but the pipeline should remain quite robust," Barclays said.

Rating agency cited built up reserves as a key to the city's "better financial footing."