Markets

Washington University will sell $1 billion of new money with tentative plans to offer a mix of 30-, 40-, and 100-year paper.

Dallas Fort Worth International Airport will bring its first new money issue since 2017 to the municipal bond market next week, buoyed by an rating upgrade.

Next week's potential volume is slated to be more than $8 billion, led by $1.25 billion of taxable and tax-exempt future tax-secured subordinate bonds from the New York City Transitional Finance Authority.

Ten states, includeing five in the Southeast, pre-pandemic employment levels in January, according to Fitch Ratings. In an update, the U.S. Labor Department reported Florida’s seasonally adjusted unemployment rate fell to 3.3% in February.

Outflows continued, with Refinitiv Lipper reporting investors shed $1.503 billion from municipal bond mutual funds in the week, following outflows of $2.136 billion in the previous week. High-yield saw small inflows.

Nuveen is asking a judge to toss Preston Hollow Capital's defamation claims as a summer trial looms.

More outflows from municipal bond mutual funds were reported as bid lists surpass $1 billion 22 times in 2022.

Mayo is publicly offering $516 million of tax-exempt bonds and privately placing $200 million of taxables.

The California Health Facilities Finance Authority will price the final authorization of $1.05 billion from the $2 billion program on Tuesday.

The Virgin Islands Public Finance Authority and Matching Fund Special Purpose Securitization Corporation plans to price $793.025 million of tax-exempt and $124.960 million of taxables.