Municipal Credit Quality Stabilizes

Two rating agencies dropped their Los Angeles Unified School District outlook to negative from stable.

Lincoln Center's expansion project shows its confidence in its fundraising abilities and future demand but analysts worry about the debt burden.  

The former Fed governor's upcoming confirmation hearing will test whether he can satisfy both a president demanding lower rates and a Congress demanding independence.

"Ceasefire optimism augmented by a liquidity-driven risk-on macro market environment should be neutral for duration and positive for credit spreads," BofA analysts wrote.

Federal Reserve Gov. Christopher Waller said Friday that the length of time the Strait of Hormuz remains blocked will be a key factor in the longer-term inflation outlook — and, by extension, the Federal Reserve's monetary policy path.

Florida PACE Funding Agency says it will have to default on its bonds unless the Florida Supreme Court takes quick action.