Markets

Fitch Ratings upgraded the Riverside County Interstate 15 managed lane project two notches, affecting $152.2 million in debt.

Cooper Howard, director and fixed income strategist for the Charles Schwab Center for Financial Research, shares his thoughts on the intermediate duration with Investors & Investing reporter Christine Albano

Munis' strong performance from November continued into December, said Miguel Laranjeiro, a portfolio manager at abrdn.

The year is ending on a strong note, said Joshua Perry, a partner, portfolio manager and municipal credit analyst at Brown Advisory.

The Water Infrastructure Financing Authority will use information it received from banks, businesses, conservation groups, and others to solicit water augmentation projects next year.

LSEG Lipper reported Thursday that investors added $147 million to muni mutual funds for the week ending Wednesday after outflows of $514.5 million the week prior. High-yield saw some outflows, though.

The $68 billion deficit reported for California's budget is an eye-opening figure but the revenue trends are less dramatic when viewed over multiple years.

A hotel tax that supports the authority's bonds has recovered strongly from the pandemic, the rating agency said.

The issuer is set to come to market with general revenue bonds the week of Jan. 21, according to its investor website.

The reserve should have enough to cover bond payments for a year, according to an observer.