Markets

The triple-A 10-year yield is above 2% on all scales, the highest since March 2020.

The Chicago Transit Authority's sales tax pledge remains healthy even as it struggles to recover riders amid rising crime and remote work trends.

Moving beyond its goals for the ownership makeup of a deal team, Wisconsin pushed for diversity among the lead contacts working on a recent transaction.

Muni performance has been strong as of late, and spreads have actually corrected after a month of gradual widening.

Next week's potential volume is slated to be $7.7 billion. The largest deal of the week comes from New York City with $891 million of tax-exempt general obligation bonds. Recent New York paper traded up Friday.

The MSRB has issued a warning that with the rise in interest rates in recent months, bonds trading at a discount may be less liquid than those trading at par.

With volatility and illiquidity realities for the foreseeable future, insights into new-issue and secondary pricing are critical.

Outflows continued, rising significantly in the latest week, with Refinitiv Lipper reporting $2.136 billion coming out of municipal bond mutual funds, following outflows of $661.675 billion in the previous week.

As hospital margins recover from the latest surge, Moody's warns of challenges from the pandemic-driven acceleration of the trend away from in-hospital care.

Idaho will bring its inaugural issuance tapping a new transportation funding stream supported by sales taxes.