Finance

The average weekly issuance is at least $10 billion, said John Flahive, head of investment solutions and co-head of municipal bonds at Insight Investment.

Federal Reserve Gov. Michael Barr called for a cautious approach, emphasizing the possibility that tariffs will create persistent inflation. 

The ratings agency cited low days cash on hand and operating losses at the system, which operates one of the leading academic medical centers in Kentucky.

Municipals are impacted by fluctuating supply and demand influences more than most other markets, said Jeff Timlin, a partner at Sage Advisory.

Carving up risk allows buyers who normally shy away from junk bonds to buy the pooled securities.

Illinois school districts face worsening credit pressure due rising personnel and special education costs and slower home price growth, S&P Global Ratings said.

The large issuance of munis this year, up 12.9% year-to-date, "disadvantaged" the asset class compared to other U.S. fixed income assets for a majority of 2025, said Pat Haskell, head of the municipal bond group at BlackRock.

Last week, the muni market saw a "slowdown in activity" after the asset class saw its best monthly performance in nearly two years, said Birch Creek strategists.

La Marque's two-notch downgrade from Moody's follows a rating cut last month by S&P; both agencies put the city on review for potential further downgrades.

Chicago has selected its new senior manager and co-manager pools to underwrite future bond deals, five months after it released its request for qualifications.