Markets

"Easing tariffs, a slowing economy and an improved supply/demand outlook for munis in May and onward should drive muni market pricing going forward," BofA strategists said.

The state plans to price $626 million in GOs, in part, to fund the I-5 bridge replacement

The city of Los Angeles and its Department of Water and Power face Palisades Fire-driven lawsuits from some 776 plaintiffs, according to the offering document.

Investors pulled $397.4 million from municipal bond mutual funds in the week ended Wednesday, following $1.258 billion of outflows the prior week.

Moody's Ratings cut the issuer rating for the District of Columbia to Aa1 with a negative outlook, which the city CFO blames on federal workforce reductions and weakness in the commercial real estate market.

The escalating dispute between the prestigious issuer and the White House is spooking some bond holders and creating opportunities for others.

The commission also approved converting a GO bond sale from competitive to negotiated.

The market is still in a negative technical period, said Chris Eustance, a portfolio manager at Morgan Stanley Investment Management.

Construction problems and cost overruns for a bond-backed project pushed the company into a pre-negotiated Chapter 11 bankruptcy. 

Muni yields may "continue to stay elevated due to supply and demand factors," rather than concerns over credit quality, said Cooper Howard, a fixed income strategist at Charles Schwab.