Markets

The city brings $122.2 million of GO bonds to market next week, believing its investment-grade ratings outweigh the defaults of the Puerto Rico government.

The muni market is enjoying more favorable tax-exempt yields, NewSquare Capital's Kim Olsan said; they may be helping the market ignore the fallout from the FOMC meeting.

The value of the Florida cancer treatment center and the mortgaged property is unlikely to cover the bond debt, the trustee said.

The muni market is going through a period of "consolidation, not to be confused with deterioration," according to Hennion & Walsh's James Pruskowski.

Beneficial rainfall allowed the Texas city to move its timeline for a projected water supply emergency to September 2028 from the same month in 2027.

The strong day for munis and USTs is likely due to the United States pausing its military strikes on Iran, said Ajay Thomas, head of public finance at FHN Financial.

"It behooves everybody to get something consensual," said a Florida bankruptcy attorney.

Pennsylvania fuel consumption has been gradually declining, Fitch analysts wrote, straining the security for the turnpike's oil franchise tax revenue bonds.

Issuance is an estimated $7.558 billion for the week of July 27, with $6.709 billion of negotiated deals on tap and $849.4 million of competitives, according to LSEG.

Volume-cap allocations can reveal which projects will gain access to tax-exempt financing and which may be crowded out, making private-activity bond rules a practical signal for issuers, advisors and investors, according to Market Intelligence analyst Jeff Lipton.