Markets

The muni market produced $294.884 billion of debt issuance in the first half of 2026, up 5.8% from the previous record of $278.694 billion in the first half of 2025, according to LSEG data.

Another sizable new-issue calendar this week will bring August's total to nearly $50 billion, around where the previous two August supply figures ended, said Kim Olsan, senior fixed income portfolio manager at NewSquare Capital.

The coming week will be a record week for AMT offerings, according to J.P. Morgan strategists. They caution against chasing spreads tighter.

Chicago will make the second half of its advance pension payment this year, Mayor Brandon Johnson told the Chicago Investors Conference.

Oregon's largest city plans to issue $585.6 million in revenue bond debt to finance upgrades its Bull Run water filtration facility.

The Port of Seattle, operator of Seattle-Tacoma International Airport, joined the crowded airport bond airspace to get a refunding deal done.

The muni market is in the "doldrums of August," SWBC's Chris Brigati said.

The airport authority plans to price $362 million in airport revenue bonds next week, buoyed by a new positive outlook from Moody's Ratings.

The latest Moody's downgrades to the district's general obligation and lease obligation debt affect $847 million of outstanding bonds.

A student housing facility in Orlando seems to be struggling financially while one in Tampa seems to be prospering.