Markets

Fitch Ratings cited Sacramento City Unified School District's fiscal challenges in downgrading its issuer default rating to junk and assigning a negative outlook.

Market Intelligence analyst Jeff Lipton argues MRBs can add value to conservative muni sleeves, but warns that extraordinary redemption features, prepayment behavior, loan origination performance and liquidity constraints can make redemption analysis just as important as credit analysis.

The top two municipal bond insurers wrapped over $7.704 billion in the first quarter of 2026, up 4.9% year-over-year from the $7.342 billion in Q1 2025, according to LSEG data.

The administration's effort to revitalize the maritime industry includes opportunities for public-private partnerships.

All sectors of the muni market posted gains in April, Kim Olsan wrote, exemplifying the market's better-than-expected resilience.

Last year, 23 active ETFs launched along with nine passive ones. While the first quarter of the year bucks that trend as one active ETF launched compared to three passive ones, things could change the rest of the year, analysts say.

Fitch Ratings on Monday echoed a prior move by Moody's Ratings to revise the state's outlook to negative.

Three universities in the Northeast found a market for their bonds despite larger headwinds for the higher education sector in the region.

"What the market's really trying to figure out is what that Warsh regime is going to mean," said Tom Kozlik of HilltopSecurities. "Folks are really trying to position their mindsets, position their portfolios."

The U.S. Department of Transportation is looking for proposals that leverage public private partnerships to solve traffic bottlenecks through the use of tolled express lanes .