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Brian Wynne joins Jefferies as co-head of the municipal syndicate, while Morgan Stanley continues to see turnover in its muni ranks.

The decrease in long-term interest rates this year has helped banks' bond portfolios recover a bit. Some of them may consider restructuring their securities portfolios in the short run, and longer-term changes are also possible as the fallout from last month's crisis continues.

Most of the top 10 issuers are mostly from just two states, with four from New York and three from California.

Among the top underwriters, J.P. Morgan Securities, Citi and Wells fell out of the top five while Jefferies entered the Top 10.

The second half of 2023 may see a slowdown, perhaps even a mild recession, said Daniel Close, the newly named head of municipals at Nuveen.

It's the firm's third office in Alabama and part of an investment capitalizing on growth of some high-tech industries in the state, the firm's chair Christopher Maddux said.

The federal funds may not go as far amid inflation, but they still cushion the construction industry struggling with economic challenges.

The early termination of the agreement is the latest setback for Legacy Cares, Inc., which has defaulted on bonds sold to finance the facility.

Illinois' public universities continue to reap ratings and aid benefits from the state's positive rating trajectory and healthy near-term revenue landscape.

Fitch Ratings raised New Jersey's issuer and general obligation bond ratings just days after Moody's Investors Service upgraded its ratings on the Garden State ahead of next week's s $1.1 billion bond sale by the state Economic Development Authority.