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Royden Durham and Tony Tanner, portfolio managers at the Aquila group of funds, talk with Chip Barnett about what's special about Kentucky and Arizona -- what's the same and what's different -- within their municipal bond markets. (18 minutes)

"The combination of higher yields and this week's heavier new-issue calendar will attract attention from income-focused individual investors as well as from institutional investors who are underweight munis," said CreditSights strategists Pat Luby and Sam Berzok.

The state reported a $7.07 billion budget balance and $1.8 billion in its rainy day fund.

Endorsed by Donald Trump, Landry has fought against ESG precepts and has had several run-ins with the state Bond Commission over firearms and abortion issues.

As the program inches through the federal appropriation process, Texas lawmakers have allocated state funds and created a five-county district with taxing power.

Current interest rates offer arbitrage opportunities and challenges to bond issuers.

Panelists at this year's GFOA Minimuni Conference remarked on how difficult an environment it is for issuers and why recognizing this is essential for voluntary disclosure.

As valuations got richer after muni outperformance this week, Barclays strategists expect munis to be "truly tested in the next several weeks, with supply picking up."

Officials in Connecticut, Massachusetts and Rhode Island say a multi-state coalition will help address the challenges of the new wind energy industry.

The recent rise in yields has created an opportunity for those investors waiting to "jump into the market," said Roberto Roffo, portfolio manager at SWBC Investment Company.