Markets

Inflation concerns have the UST market betting on a "higher-for-longer" interest rate environment, Chris Brigati wrote for SWBC.

Robust demand is one of several drivers supporting the muni market even in the wake of ongoing uncertainty around economic growth, inflation and interest rates, said Daryl Clements, a portfolio manager at AllianceBernstein.

A big story this year has been demand, which is supporting the market, said Tom Kozlik, head of public policy and municipal strategy at HilltopSecurities.

A New Hampshire executive council will not permit the first muni bond issuance backed by cryptocurrency.

Right now, rates can't get any traction due to "Iran re-escalating, hawkish Fed minutes, Treasury auctions [and] AI bond supply crowding credit," among other factors, said James Pruskowski, managing director at Hennion & Walsh.

The committee's focus will be quickly devise means to address the Water and Power Authority's long-term obligations.

With the future of U.S. public funding for infrastructure remains cloudy in terms of quantity and delivery methods, sentiment appears to be shifting towards allowing more private investment.

Resuming the war with Iran has renewed volatility for munis and Treasuries.

The combined utility system's commercial paper program capacity was increased to $1.5 billion and an up to $345 million cash flow borrowing was set for August.

Spiking oil prices and incoming news from the Federal Reserve is pressuring UST yields, which are pressuring munis, according to Schwab's Cooper Howard.