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Moody's Investors Service upgraded the Connecticut capital city's issuer rating to Baa3 from Ba2.

Late summer is "rarely a good time for our asset class," Barclays strategists said, noting the municipal investment grade index lost money in August three years in a row, and 2023 seems to follow this trend.

Judge Swain approves another deadline extension for a proposed plan of adjustment.

"The limited scope of muni debt affected suggests a marginal impact on the muni market, if any," BofA strategists said.

The 1998 Master Settlement Agreement from the Big Tobacco companies offers a template, but experts say the structure of the opioid settlement differs in key ways when it comes to state and local governments spending the money.  

Wells Fargo is the latest investment bank to undergo a Texas Attorney General review of its compliance with a 2021 law.

The Tennessee Valley Authority has $19 billion of outstanding bonds and provides power to 10 million people.

Though the city has vast financial strengths, it is struggling with the costs of housing migrants and declining commercial property values.

Municipal bond mutual fund saw outflows return with Refinitiv Lipper reporting investors pulling $989.852 billion from funds for the week ending Wednesday, led by ETFs and long-end funds.

The 50-year concession will rebuild the aging Calcasieu Bridge, and impose the first tolls on Interstate 10.