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While the university remains current on bond payments, it is not financially stable, sources say.

Sunday is the mid-point of the 2023 Atlantic hurricane season. AccuWeather expects at least one or two more tropical storms or hurricanes to hit hit the U.S.

Airports are returning to the municipal bond market to build and renovate runways, concourses and terminals as passenger traffic rebounds.

The North Alabama operator priced $190 million of revenue bonds Aug. 29 to support among other things the purchase of an orthopedic physicians' practice.

Investors remain hesitant about "jumping back into munis even as rates are nearing multi-year highs as tax-exempts are still not cheap enough with the front-end ratios still yielding under 70% while the historical averages are around 90%," AmeriVet Securities' Jason Wong noted.

The Department of Treasury had until Aug. 31 to file an appeal and failed to do so.

"As an investor I'm not looking at the activity of the stadium as the security," said an Illinois sports authority bondholder of potential exits by the White Sox and Chicago Bears.

The top three co-managers have an average dollar volume of more than $5 billion as of the end of June 2023.

Sports wagering is forecast to increase the state's revenue by about $23 million a year when it's fully implemented. Retail locations open this week and mobile applications go online at the end of the month.

Breckinridge's Ruth Ducret discusses how her firm takes ESG factors into consideration into their credit and investment strategies, the market's vulnerabilities in the face of climate change and how transition risk is a real threat. Lynne Funk hosts. (33 minutes)