Mississippi

Mississippi's largest city is without running water. It has $191 million in outstanding water and sewerage revenue bonds, according to Moody's.

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

The rating agency also confirmed the city’s Ba2 rating on $191 million of outstanding water and sewer revenue bonds.

Month over month, the municipal market is in a much better position, as heavy demand and flows continue to drive it.

The state is selling $1.2 billion of GOs, and a recent deal from Vicksburg highlights a structure that makes a difference to the state's local governments.

Porter Bingham stands accused of stealing $33,000 from the city of Rolling Fork, Mississippi.

Refinitiv Lipper reported $600 million of outflows from municipal bond mutual funds as the market correction caught up. High-yield funds lost a massive $722 million after $330 million a week prior.

States that are projecting fiscal 2021 revenue declines of more than 15% include California, Colorado, New Jersey, New Mexico, Oklahoma, and Vermont.

Refundings and taxable deals were also up substantially, driving the region to $75 billion of municipal bond volume, up 32.6% from 2018.

Two Virgin Trains USA deals from Florida helped push the region's volume up 9.8% over last year, making it one of only two regions to sell more bonds.