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Yakym praised the successful effort to preserve the tax exemption throughout One Big Beautiful Bill negotiations and encouraged market advocates to keep lobbying lawmakers.

Demand may strengthen as "investors anticipate the Federal Reserve's likely path of rate cuts, which would drive yields even lower," said Tom Kozlik, managing director and head of public policy and municipal strategy at HilltopSecurities.

"It shows the chairman's understanding of the practical realities of firms...," Peter Chan, a partner at Baker McKenzie said.

This will be Charvel's second stint as the city's CFO.

Cities are responding to a state directive to remove symbols on crosswalks and other so-called distractions or risk losing state and federal funding.

Tom Falcone of the Large Public Power Council unpacks the massive infrastructure push driven by AI and manufacturing, and the policy hurdles standing in the way.

The city council of Harvey voted to declare the city financially distressed in a bid for state oversight, as the mayor warned of a city government shutdown.

The bonds are rated A-plus by three ratings agencies and are expected to have serial maturities from 2026 to 2055.

"The story remains the same: solid demand is more than enough to take down the sizable new issue supply," said Daryl Clements, a portfolio manager at AllianceBernstein.

Its triple-A bonds have recovered after cheapening earlier this year under a pressure campaign from the Trump administration.