Markets

The FOMC's hawkish tone hasn't cost munis yet, but the reaction from USTs may bring pressure, according to NewSquare Capital's Kim Olsan.

The tobacco sector has been among the worst-performing in the muni market this year, but some say it's still overvalued.

For the first time since 2023, Georgia will bring its general obligation bonds to the municipal bond market, with a $1.57 billion competitive deal.

Favorable conditions for munis helped the asset class stay afloat, despite a hawkish FOMC.

Market Intelligence analyst Jeff Lipton breaks down how security selection, sector allocation, curve positioning and carry can generate excess returns in high-yield munis, while warning that weak cash flow, a lack of economic viability, limited liquidity and thin disclosure can quickly undermine value.

The Nashville-based private university plans to sell up to $430 million of tax-exempt bonds.

Munis were little changed, but geopolitical and market conditions could bode well for the sector, MMA's Matt Fabian said.

Bondholders also waived an event of default for $22 million of senior debt that Brightline took on in May.

The Texas city's $115 million general obligation bond sale comes as a water supply emergency and potential further negative rating actions loom.

Investors want to see what happens with the Fed and the Iran peace deal before they react, said Schwab's Cooper Howard.