Infrastructure

The deal comes amid market inflows and a dearth of high-yield supply, but demand will depend, as always, on the price, investors said.

The state's transportation commission took action to end a comprehensive development agreement for a partially bond-financed toll lane project on State Highway 288.

The eight-year, $1.35 billion property tax levy would have to be approved by the City Council before going to voters in November.

The DOT has made $20.5 billion available to state and local governments, in addition to signing an agreement that expands capacity at the Port of Baltimore following the collapse of the Francis Scott Key Bridge.

Municipal bonds on the rise

In "my nearly 50 years in finance, I've never seen more demand for energy infrastructure," BlackRock CEO Larry Fink said in his latest investor letter.

Fitch Ratings analysts, who downgraded the bonds to junk in January, said they continue to monitor progress on the airport's automated guided rail system.

The loan is part of an Inflation Reduction Act program that finances the restart of renewable energy projects that have ceased operations.

Congestion pricing proponents claim it will reduce gridlock, improve air quality in Manhattan and boost ridership on the MTA, which has never recovered its pre-pandemic ridership levels.

Supply chain disruptions and economic impacts are raising concerns.