The Latest

"It's a quiet revolution," said Reason Foundation's Robert Poole.

Volatility in fixed income prices, which has risen recently, should not be mistaken for a systemic flaw in market structure or be used as a "strawman" to fix the plumbing and functioning of these markets.

The Housing Development Corp. will come to market with almost $1 billion of sustainable development bonds to fund new housing projects in the city.

The system is incorporating some floating-rate risk into its fixed-rate debt portfolio to allow for strategic flexibility after its new hospital campus opens.

Last week, munis underperformed the Treasury market "across the curve through Thursday with yields lower just 13bps," according to Birch Creek strategists. However, they said Friday's rally "in the front end helped pull shorter maturity munis ahead."

A bond-financed assisted living complex for low-income senior residents in southern New Jersey has been struggling to make timely monthly loan payments.

Texas Gov. Gregg Abbott plans a special session on school choice as more states pass vouchers and Arizona's universal program sees costs explode.

The legislation would boost the size limitation of industrial revenue bonds and expand the uses of proceeds.

For the coming week, investors will be greeted with a new-issue calendar estimated at $8.213 billion.

The negative outlook assigned to Portland State University's bonds by Moody's Investors Service affects $195 million of debt.