While lower oil prices are likely to have a stimulative effect on the national economy, we are wary of impacts on the finances of local credits in the Oil Patch.
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Prices for some bonds issued for Florida's express train have fallen sharply since Friday.
Puerto Rico's disputes with New Fortress Energy, the parent of the island's power plant operator, Genera PR, could spread to PREPA.
The city council voted unanimously to hold a special election on an 11-part GO bond proposition, which will be the largest in the city's history.
With big state incentives and tariff protection, a United Arab Emirates-based aluminum producer has pledged to build the first new U.S. smelter in decades.
The hires "will help us further deepen our relationships," said the firm's head of public finance.
"The muni market seemed to ignore Treasuries [last] week, marching to its own beat," said Birch Creek strategists.
