Finance

Funded ratios remain useful, but they can mask risky assumptions, illiquid investments and correlated exposures that may force higher government pension contributions during the next downturn, writes Market Intelligence analyst Jeff Lipton.

The city remains triple-A across the board despite's S&P's negative outlook as it prepares to sell $269 million of general obligation bonds.

August may have one of the highest tax-exempt volume totals on record, according to J.P. Morgan analysts — don't expect it to let up.

The announcement — which affects the 10- to 30-year part of the curve — sent longer-term UST yields falling up to 10 basis points on Wednesday.

Financing for a nearly $500 million long-term investment plan would include as much as $250 million of revenue bonds that could be sold next year.

Munis are beginning to see headwinds and mixed technicals as a strong summer winds down, according to Municipal Market Analytics' Kevin McGuigan.

The ratings agency cited strong financial metrics and affordable utility rates.

After a weak two days, munis are turning around thanks to strength in USTs, said Chad Farrington of DWS.

Municipal bond volume currently stands at $372.991 billion in 2026, up only 0.8% from $370.022 billion at the same time last year.

Tens of thousands of acres have burned in central Oregon and in the Spokane region of eastern Washington.

Belmont University is among investment grade, well-known institutions dealing with more financial pressure due to a shrinking pool of undergraduates.

The professionals are expected to strengthen Raymond James' abilities in land-secured public finance.

Munis are experiencing a correction driven by high issuance and misaligned muni-UST ratios, according to Kim Olsan of NewSquare Capital. However, investors seem interested in the new, higher yields.

Cloud tech and AI are two of the most important and impactful technologies for the development and operation of many analytical and optimization tools for the municipal market, company representatives say. 

Student housing bonds trade wide for a reason: declining college-age populations, private competition and non-recourse structures make demand, disclosure, university commitment and stress-testing the signals investors need to validate, writes Market Intelligence analyst Jeff Lipton.

Budgets for Houston, Austin, Dallas, and Fort Worth come amid credit quality improvements and calls from Gov. Greg Abbott to rein in local government spending.

Lighter market activity is customary for a Monday, SWBC's Chris Brigati said, especially as issuers prepare to price $15 billion.

Box Elder School District's general obligation rating was cut to A1 from Aa2 ahead of a certificates of participation sale this week.

The coming week will be a record week for AMT offerings, according to J.P. Morgan strategists. They caution against chasing spreads tighter.

Oregon's largest city plans to issue $585.6 million in revenue bond debt to finance upgrades its Bull Run water filtration facility.