The 10 largest issuers of education issuance in the first half of 2024 accounted for $15.219 billion.
The Los Angeles Unified School District ranked first with a $2.975 billion
Source: LSEG
Wednesday saw the third consecutive day of falling muni yields, suggesting the market is recovering from last week's selloff. The market is well-positioned for "a strong snapback," according to James Pruskowski, managing director at Hennion & Walsh Asset Management.
Moody's assigned its first-ever rating to munis backed by bitcoin ahead of a deal in New Hampshire.
Issuance was $50.081 billion in 697 issues, up 17.3% year-over-year from $42.709 billion across 726 transactions.
Moody's Ratings upgraded Alum Rock Union Elementary School District on proactive management actions in the face of enrollment and fiscal challenges.
Texas is set to become the world's largest data center market by 2030, according to JLL.
Despite declining enrollment, Texas school district paper remains popular among investors because of the AAA-rated Texas Permanent School Fund pledge.
