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Daly said the neutral interest rate — also known as R-star — may be higher now than it was before the pandemic

KBRA upgraded the long-term rating on the state's special tax obligation transportation infrastructure purposes bonds to AAA with stable outlook from AA-plus ahead of the deal, slated for the week of Oct. 16.

Despite recent improvements, "inflation remains well above the FOMC's 2% target. Domestic spending has continued at a strong pace, and the labor market remains tight," Bowman said Wednesday.

The largest authorization approved at the October meeting was the North Carolina Housing Finance Agency's $750 million of revenue bonds.

Treasury Department guidance allows funding for broadband enhancements, like boosting internet connectivity in public libraries or parks, improving internet coverage for students, and implementing public safety improvements.

Peter Lam has served as bond counsel to state and local issuers for public and privately placed bond issuances.

However, "a long-lasting bond market rally seems unlikely given major structural shifts of higher bond supply and on uncertainty with demand," said Edward Moya, senior market analyst at OANDA.

A rising number of states levy a tax or fee on electric vehicles, but a new Senate bill would enact the first federal tax.

Puerto Rico's Treasury secretary says first quarter results are a good sign for fiscal stability.

The total unfunded pension liability for all 50 states is expected to be $1.3 trillion for fiscal 2023, according to a Reason Foundation analysis.