Markets

Since 2011, the city has issued about $5.6 billion of debt, with the most issuance occurring in 2021 when it sold $785 million.

Chicago will conduct a full-court press of the buy side next week.

The large primary was led by two $700-plus million of revenue bonds from the Port of Seattle and the Georgia Ports Authority.

Fitch and S&P moved the district's outlook to stable as its balance sheet weathered the COVID-19 storm and pension overhaul legislation removes the threat of looming insolvency.

Summer redemption season starts winding down; Net negative supply stands at $18.777 while 30-day visible is at $12-plus billion.

The "no SALT no deal" Democrats appear ready to support the compromise reconciliation package negotiated in the Senate.

Municipals will end July with positive returns across all sectors. The Bloomberg Municipal Index shows a 2.49% return in July, moving year-to-date losses lower to 6.71%.

A rating upgrade by Moody's Investors Service means Minnesota has triple-A ratings from three major rating agencies.

The deal is the latest in a series of credit offerings the city is using to incentivize and grow the local charter school industry for the future.

Total July volume was $25.598 billion in 520 deals versus $37.573 billion in 1,013 issues a year earlier, according to Refinitiv data.