Markets

High-yield muni issuance totals $20 billion year-to-date, "reflecting normalization from relatively depressed levels in 2023 ($7.6 billion over the comparable period), and now virtually equal to the trailing five-year average for the period ($20.1 billion)," said J.P. Morgan strategists, led by Peter DeGroot.

Mayor Eric Adams was indicted on federal bribery, campaign finance and conspiracy charges, the U.S. Attorney's Office announced Thursday.

Matthew McQueen, Head of Municipal Banking and Markets and Global Mortgages within the Global Markets business at Bank of America, sits down with Bond Buyer Executive Editor Lynne Funk to talk about getting deals done amid an uncertain global macroeconomic landscape.

The Investment Company Institute reported $1.329 billion of inflows into municipal bond mutual funds for the week ending Sept. 18 after $1.402 billion of inflows the week prior. Exchange-traded funds saw $55 million of inflows after $1.048 billion of inflows the previous week.

Demand for munis looks "fairly stable" for now, particularly after the 10- to 25-basis-point rally ended in the 30 days before the Federal Reserve cut rates last week, Municipal Market Analytics, Inc. said, noting the "bull-steepening adjustment" looks like the 30-day move before the beginning of the Fed's last cutting cycle, at the end of July 2019.

This collaboration allows users with a DPC Data subscription to access content directly within BondWave's Effi, providing Effi users with more information for all municipal bond positions in their portfolio.

S&P Global Ratings placed more than 400 state and local government issuers under criteria observation as the agency adopts an updated rating methodology.

They new hires will serve various functions in different regions of the country.

Water agencies in Texas, Oklahoma, and Denver are selling a combined nearly $2 billion of triple-A-rated bonds this week.

NYPA's green designation and two credit upgrades are drawing lots of attention in a crowded market.