Maryland

The Investment Company Institute reported investors added $1.090 billion from muni bond mutual funds in the week ending June 1, up from $4.367 billion of outflows in the previous week.

Gilt-edged Maryland typically helps to guide triple-A yield curves.

Investors will be greeted Monday with an increase in supply with the new-issue calendar estimated at $6.488 billion, led by $1 billion-plus of GOs from Maryland in the competitive market.

While the report offers many positives for states, headwinds loom, according to investment management firm Conning.

The new academic center housed at the University of Maryland is developing P3 industry standards and a peer exchange program for state infrastructure czars.

Moody's deemed the temporary gas tax holidays implemented in several states credit negative.

The low-interest federal loans will complete financing packages for Virginia's express lane extension outside Washington D.C. and Maryland’s Purple Line light rail project.

A judge has ordered the state to reconsider its rejection of a bid for a $9 billion P3 for new toll lanes, a move that could delay Gov. Larry Hogan’s priority project.

Better communication will be key in future P3s, a top Maryland transportation official said.

Maryland blames a "post-pandemic market" for cost increases lifting the light rail line's price tag to $9.28 billion. The system is to open four years late in 2026.