Markets

Chicago returns to market March 10 with $800.29 million of general obligation bonds, following bond rating downgrades from Fitch Ratings and KBRA.

Monday saw a more muted tone, but Tuesday munis are playing a little bit of a catch-up to the backup in rates, said Chris Brigati, managing director and CIO at SWBC.

A recent report from The Bond Buyer found that data quality and accuracy was the top concern among AI skeptics in the industry.

Major Texas cities are prepping big bond issues to finance convention center expansions, with Houston hitting the market this week with $1.425 billion of debt.

First thing this morning, there wasn't much action as market participants waited to see what would happen, but as the day went on, munis got progressively weaker, said Kyle Gerberding, director of trading, a portfolio manager and partner at Asset Preservation Advisors.

Market Intelligence analyst Jeff Lipton assesses the early impacts of Operation Epic Fury on rates, spreads, shifting inflation expectations, and flows, arguing that elevated tax-exempt income, disciplined sector allocation and a quality bias can help muni investors navigate headline-driven volatility.

Issuance was $40.336 billion in 632 issues, down only 1.1% year-over-year from $40.772 billion across 731 transactions.

The Vermont Bond Bank debuts a new indenture when it sells $56 million of bonds this week. It's following a nationwide trend in bond bank structures. 

On the week, the muni market performed well, with most investor action happening in the longer half of the curve, said BofA strategists.

Native American Tribes get a step closer to issuing more tax-exempt bonds as a bipartisan bill that would boost tax parity moves forward in the House while serving as companion legislation to a Senate version.