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The strong day for munis and USTs is likely due to the United States pausing its military strikes on Iran, said Ajay Thomas, head of public finance at FHN Financial.

The filing comes after the MSRB in January published a request for comment seeking input on draft amendments to Rule G-27.

"It behooves everybody to get something consensual," said a Florida bankruptcy attorney.

Washington using a pension fund surplus to close a budget shortfall sets a bad precedent, said a Morningstar DBRS analyst.

Leverage issues led to Fitch lowering the outlook on the AA-minus-rated bonds.

Roycemore School defaulted this month on unrated revenue bonds issued through conduit Evanston, Illinois. The private school will close its doors in 2026-27.

City governments' circumspect approaches to AI could likely be attributed to varying public perception. 

With federal costs and an election on the horizon, Massachusetts, Pennsylvania and New Jersey opted for "maintenance budgets."

Pennsylvania fuel consumption has been gradually declining, Fitch analysts wrote, straining the security for the turnpike's oil franchise tax revenue bonds.

Issuance is an estimated $7.558 billion for the week of July 27, with $6.709 billion of negotiated deals on tap and $849.4 million of competitives, according to LSEG.