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The large issuance of munis this year, up 12.9% year-to-date, "disadvantaged" the asset class compared to other U.S. fixed income assets for a majority of 2025, said Pat Haskell, head of the municipal bond group at BlackRock.
October 7
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The Texas Transportation Finance Corp deal will refund interim notes used to finance the ending of a public-private partnership that built toll lanes.
October 7
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Last week, the muni market saw a "slowdown in activity" after the asset class saw its best monthly performance in nearly two years, said Birch Creek strategists.
October 6
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La Marque's two-notch downgrade from Moody's follows a rating cut last month by S&P; both agencies put the city on review for potential further downgrades.
October 6
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Chicago has selected its new senior manager and co-manager pools to underwrite future bond deals, five months after it released its request for qualifications.
October 6
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The Texas Transportation Finance Corp. leads the new-issue calendar with $1.739 billion of subordinate tier toll revenue and refunding bonds, followed by New York City with $1.5 billion of general obligation bonds.
October 3
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Fitch revised its outlook on the AAA-rated southern California to negative. The city is grappling with child sexual abuse claims from hundreds of people against one former employee.
October 3
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If approved, the $6 billion federal RRIF loan would be "quite positive at this juncture," an investor said.
October 3
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Raymond James has added four senior public finance professionals — two to its Chicago office, and two to a new office it is opening in Naperville.
October 3
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"While the shutdown will eventually be resolved, present circumstances may catalyze tactical investment opportunities as a way to capture even more compelling yield and income opportunities," said Jeff Lipton, municipal market intelligence analyst for The Bond Buyer.
October 2
