Markets

The market is striking a better tone as investors are less worried about rate hikes, NewSquare Capital portfolio manager Kim Olsan said.

More than $2 billion of affordable housing and healthcare bonds were approved by the North Carolina Local Government Commission.

Heavy August issuance created fewer oversubscriptions and more demand for concessions, a signal that issuers, advisors and underwriters need to pay closer attention to structure, timing and clearing levels, according to Market Intelligence analyst Jeff Lipton.

The Alabama Toll Road, Bridge and Tunnel Authority is bringing $3.7 billion of bonds and notes to finance a bridge and fund I-10 improvements in Mobile.

Supply hasn't let up since Tuesday's selloff. Muni yields will likely continue to rise as the new issue market offers investors a "buffet" of options, according to H.J. Sims analyst Tim Iltz.

The incoming Bond Buyer Hall of Famer has paired creative banking with relentless execution and client focus across four decades — from pioneering a new muni sector to transforming Jefferies into a market leader.

The muni selloff is likely to continue if UST yields stay elevated, according to SWBC's Chris Brigati.

Issuance was $59.57 billion in 873 deals, up 14.5% year-over-year from $52.006 billion across 880 transactions.

For the 25th year, The Bond Buyer editorial board will identify and recognize the year's most outstanding municipal finance transactions. The deadline for nominations is Friday, October 2.

"The muni market selloff is primarily a result of Treasury movement, but the orderliness of it in terms of not getting any more volatility in munis than Treasuries is a direct result of people's ability to withstand those moves," said Jeff Timlin, managing partner and head of municipal bond investing at Sage Advisory.