Markets

An index of AMT bonds has gained 1.84% year-to-date, outperforming a broad non-AMT index by 92 basis points.

Senior bondholders will take a nearly 70% haircut.

Cloud tech and AI are two of the most important and impactful technologies for the development and operation of many analytical and optimization tools for the municipal market, company representatives say. 

Student housing bonds trade wide for a reason: declining college-age populations, private competition and non-recourse structures make demand, disclosure, university commitment and stress-testing the signals investors need to validate, writes Market Intelligence analyst Jeff Lipton.

Budgets for Houston, Austin, Dallas, and Fort Worth come amid credit quality improvements and calls from Gov. Greg Abbott to rein in local government spending.

The bonds and notes will be used to build a Mobile River Bridge for Interstate 10 and do some work on the Bayway.

Lighter market activity is customary for a Monday, SWBC's Chris Brigati said, especially as issuers prepare to price $15 billion.

Box Elder School District's general obligation rating was cut to A1 from Aa2 ahead of a certificates of participation sale this week.

Lobbyists and lawyers are both watching three pieces of legislation that would expand the use of private activity bonds in housing, transportation infrastructure, and student loans.

The city's multi-billion dollar deals haven't struggled to find investors, despite budget challenges.