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Short-end muni yields have risen more than 30 basis points on some triple-A scales over the past five trading sessions.

Michigan's Democratic governor joined the legislature's Republican majorities in proposing tax relief but they have different ideas about how to do it.

"We're going to fix them all," President Biden said of the 45,000 bridges across the U.S. he said need repairs.

Local legislators may be opposed to the current PREPA bond deal.

The platform allows advisors to tailor portfolios that have characteristics including state-specific credits, ESG considerations, duration targets and other criteria.

The two biggest U.S. banks raised their forecasts of how quickly the Federal Reserve will raise interest rates this year, with Bank of America Corp. predicting a move at every meeting to tackle the highest inflation in four decades.

The Municipal Securities Rulemaking Board voted to propose amendments to extend remote inspections until the end of this year, in addition to adjusting its fee model for the 2023 year.

As the MTA works toward a post-pandemic future, Kevin Willens, formerly co-head of public finance at Goldman Sachs, becomes its chief financial officer.

More federal Medicaid funding and higher-than-expected economic growth will lead to more revenues, the board expects.

Returns are deep in the red with the Bloomberg Municipal Index at negative 1.85%, while high-yield sits at negative 1.81%.