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"Yields are attractive, and there's going to be a lot of demand and there's not going to be a lot of bonds," said Scott Diamond, co-head of the municipal fixed income team at Goldman Sachs.

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

The unexpected suspension raises immediate questions about transactions that have already occurred but have yet to close.

Other municipal finance caucus members stepping down are Dan Kildee, Grace Napolitano and Derek Kilmer.

The veteran-owned Academy Securities failed to file Form G-37 reports in a timely manner, and failed to disclose another 60 municipal underwritings where the firm acted in a managerial capacity.

The discussion of rate cuts, both timing and amount, has analysts offering varying estimates.

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. 

The push for bills to punish companies, including municipal bond underwriters, for their fossil fuel or firearm policies continues in Arizona and Oklahoma.

"The market seems to be coalescing around the view that these historically rich ratios can be sustained through February, but that the market technical becomes far less favorable in March and April," said Birch Creek Capital strategists in a report.

The deal comes following several toll increases — which have bolstered the authority's credit — that have also compelled a state senator to introduce a bill that would dissolve the authority.