Overall education issuance, including higher ed, K-12 and student loan debt, in 2023 totaled $94.9619 billion, or 3.6% more than 2022's totals.
Source: LSEG
"A lot of retail investors are still very distracted by the stock market," said Pat Luby, head of municipal strategy at CreditSights.
California Lt. Gov. Eleni Kounalakis, a Democrat, was the lead vote-getter in preliminary results with 1,616,720 votes or 34.3%.
Gov. Abigail Spanberger received a dose of good news for a constrained budget as a new revenue forecast shows a boost in tax collections.
With nearly $4.5 billion of tax-exempt bonds, a restructuring or bankruptcy would be among the muni market's largest to date.
Investors most recently added $2.33 billion to mutual funds for the week ending May 27, bringing positive flows to date to almost $40 billion, according to LSEG Lipper.
The Fed is expected to hold steady for the rest of the year as it navigates a renewed inflationary environment, according to the UCLA Anderson Forecast.
