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States use tax proceeds in a way that appeals to voters because recreational marijuana is often legalized through a referendum process.

If Treasury rates become "more stabilized," it provides "a good reason to be somewhat constructive on munis for a while," BofA Global Research said in a report.

The Grand River Dam Authority, the state's largest public power utility, is expected to start issuing the debt later this year.

Investors continue to pull money from muni mutual funds with LSEG Lipper reporting $934.7 million of outflows for the week ending Wednesday after $297 million of outflows the week prior.

With nearly two years of volatility, The Bond Buyer wants to know your expectations for the year to come, from interest rates and bond volume to ESG and technology.

Municipal mutual fund losses continued last week — but to a lesser extent — as the Investment Company Institute Wednesday reported investors pulled $1.291 billion from the funds in the week ending Oct. 18 after $2.645 million of outflows the previous week.

Winterstein's firm advises buy-side and sell-side clients on vetting vendors, looking at synergies between different technologies and advising on their product set.

The biggest challenge to the public finance industry at large remains market volatility, according to respondents in The Bond Buyer's Live Market Survey. Forty-six percent named it their top concern, with a recession or economic downturn coming in second at 33%.

Munis experienced some firmness Tuesday, but "whether or not that's going to be for more than a nanosecond remains to be seen," said Jeff Lipton, managing director of credit research at Oppenheimer Inc.

The Board of Education enters the market with two speculative grade ratings and one investment grade after affirmations from the agencies across the board.