Kevin McGuigan, director at Municipal Market Analytics, chalked up the weakness to continued pressure from Treasury rates.
Owners and operators of rental housing are seeing a mix of opportunities and credit stress despite the Trump administration's emphasis on housing.
A 2023 lawsuit brought by an investment fund against the Brightline parent company may impact governance of the West Coast project.
Santa Clara County received investment-grade ratings ahead of plans to price debt to fund seismic improvements at its medical facilities.
Some of the largest deals — all of which are general obligation bond deals — are from specialty states, including California, New York City and Connecticut.
"We are optimistic that rates may normalize by the time the bonds price next week," said Maliha Ahsan, spokesperson for the Office of the State Treasurer.
