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The bill allows local governments to bypass public bidding and notice requirements in current P3 law.

Over the past few years, retail has been a growing portion of the muni market, starting when the reduction of corporate taxes made it less advantageous for insurance companies and banks to own munis, said David Litvack, a tax-exempt strategist and chief investment officer at BofA.

Taxable munis have returned 1.48% month to date and 0.29% year-to-date while investment-grade munis have seen 0.44% returns so far in March and 0.05% year-to-date. USTs are in the black at 1.43% so far this month but returning -1.76% year-to-date while corporate bonds are returning 1.24% in March but -0.46% year-to-date.

Bond trustee UMB Bank notified bondholders that Branson Airport's leaders want to pursue federal grant funding for maintenance and infrastructure upgrades, but it will require bondholder approval.

Gov. Michelle Lujan Grisham said her public-private sector plan to build a strategic water supply will remain a top priority after a bill for financing failed to advance in the legislature.

The National Football League's Chicago Bears are pursuing plans to build a publicly owned domed stadium in Chicago, boosted by $2 billion of private funds. 

Issuers have increased their debt sale in recent weeks, as issuance has come in above $70 billion year-to-date, according to LSEG data

Raymond James' 10 hires include six senior bankers and an entire Citi public finance team focused on California.

States and local governments can use the funds to hire advisors to consider alternative delivery models for transportation projects.

Market participants said it is yet to be seen whether issuers will pull back their BABs refundings due to concerns after several bondholders sent a letter to the trustee on a Regents of the University of California deal, saying it was "prohibited" from executing the redemption.