Markets

The bank has also hired some analysts to its infrastructure group over the past several weeks as it plans to beef up its muni team.

The negotiated calendar is led by the Regents of the University of California with nearly $1 billion of general revenue bonds.

A power struggle over the governance of the Oklahoma Turnpike Authority and a Houston mayor ending a legal dispute with firefighters that could improve the city's Fitch rating are among the legal stories bond market professionals are watching.

High rates and high inflation, coupled with rich reserves, pushed off or delayed issuers coming to market in 2023, noted James Pruskowski, chief investment officer at 16Rock Asset Management.

Municipals look poised to close out February a touch in the black following a more constructive tone Thursday after being in a 'holding pattern' for much of the past two weeks.

Analysts say states can avoid short-term issues as a result of strong reserves but some may face challenges over the longer term.

Spaceports should have the same access to tax-exempt financing as airports and seaports, supporters say.

Issuance is already slated to be healthy next week, with some large deals on the calendar.

Three of the hires are group heads in public sector and structured finance businesses at the firm.

Extreme weather could aggravate growing property insurance pressures on governments.