| Day | Indicator | Last Report | Forecast |
|---|---|---|---|
| Tue | Construct Spending | June: -0.4% | July: -0.3% |
| Tue | ISM Index | July: 50.0 | Aug: 49.9 |
| Wed | Factory Orders | June: +1.1% | July: +0.8% |
| Wed | Fact Ords ex Tran | June: +1.7% | July: +1.5% |
| Thu | Initial Claims | 8/23: 425,000 | 8/30: 420,000 |
| Thu | Cont. Claims | 8/16: 3.423M | 8/23: 3.425M |
| Thu | Prodctvty (final) | (P)Q2: +2.2% | (F)Q2: +3.3% |
| Thu | ULC (final) | (P)Q2: +1.3% | (F)Q2: -0.3% |
Factors such as financial disclosure schedules are one reason big bond deals from New York City and the state have to share tight space in the bond calendar.
Munis are entering a negative feedback loop, according to J.P. Morgan analysts led by Peter DeGroot.
Credit ratings for California utilities could face downward pressure as recurring wildfire risks test safety funds and strain balance sheets.
"In a few years, Brightline may have to consider going through something like this again," warned one investor.
Bondholders and Assured Guaranty are providing substantial funding in post-petition and post-bankruptcy packages to keep the project operating.
GASB has issued updated questions and answers designed to clarify how subsidies relate to operating revenue, an important distinction affecting higher education, and transportation entities.
