Far West

California voters will weight a $6.4 billion bond measure in March that redirects money from an existing millionaire's tax supporting mental health programs.

Issuance for the month is slightly above the $27.666 billion 10-year average, according to LSEG Refinitiv data.

Moody's Investors Service cited thinning operating performance for the downward outlook revision.

A private school catering to Los Angeles' wealthiest residents is tapping the municipal bond market to expand its campus and add to its academic offerings. 

Accounting errors are Juneau School District's biggest fiscal problem, but it shares financial and demographic challenges with Alaska's other school districts.

The ratings agency cited federal support and military spending on the island as keys to its decision.

Despite fixed-income seeing losses this month, Jeff Lipton, managing director of credit research at Oppenheimer, believes "a performance sea change is nearing."

Infrastructure, housing and recovery efforts from the deadly Maui wildfires in August were a focal point of Hawaii Gov. Josh Green's State of the State speech.

After the year-end rally, "2024 bond investors have been reluctant buyers, prices creeping lower perhaps until the data and the Fed's next steps are more clear," said Matt Fabian, partner at Municipal Market Analytics.

Brightline, a high-profile name in the speculative muni market, is set to come to market next week to remarket $675 million of 2020 bonds.