The Treasury Department said it will auction $13 billion 9-year 8-month inflation-protected notes on Thursday, Nov. 21.
The notes settle Nov. 30 and are due July 15, 2023.
Strong and growing sales tax revenues support the bonds. Repayment isn't tied to ridership, which has declined.
Polk County, Iowa is issuing $113 million of general obligation capital loan notes, Series 2024A, for the Des Moines Airport Authority's new terminal project.
Munis posted losses in April, returning negative 1.24%. The asset class is also seeing losses of 1.62% year-to-date.
Alaska's efforts to manage its cyclical revenues brought an upgrade from S&P Global Ratings and positive outlook from Moody's Ratings.
Sen. Joe Manchin, D-W.Va., has already pledged to try to overturn the rule in Congress.
April's volume stood at $40.456 billion in 653 issues, up 21.2% from $33.377 billion in 666 issues in 2023.