New York State Dormitory Authority

There hasn't been a huge return of capital in the muni market so far this year, with fund flows being rather anemic, said Chad Farrington, co-head of municipal bond strategy at DWS Group.

While supply this week is "softer," uncertainty and volatility may prevail once more due to "yields still not exciting longer-term investors," said Matt Fabian, a partner at Municipal Market Analytics.

Munis have had a slow start "down roughly 0.25% for the first week of September bringing year-to-date returns to 1.34%," said Jason Wong, vice president of municipals at AmeriVet Securities.

"Weaker performance is in part driven by higher permanent labor costs," Moody's said. "These elements highlight rising human capital and financial strategy risks under Moody's ESG classification and are key drivers of this rating action."

J.P. Morgan held a one-day retail order for $1.65 billion of revenue bonds from the Dormitory Authority of the State of New York, while Minnesota sold $1.02 billion of GOs in the competitive market in five deals.

For the coming week, investors will be greeted with a larger new-issue calendar led by large New York and Texas ISD issuers, along with gilt-edged Minnesota selling competitively.

The CPI numbers coming in pretty much as expected "was a relief" to the markets, with the bond market rallying after the release, said Luke Bartholomew, senior economist at abrdn.

"The large taxable refunding or combined transactions were accomplished earlier in the year when rates were relatively low," says John Hallacy.

The firm’s project finance & public finance practice comprises more than 50 attorneys and professional colleagues and is looking to add.

Siebert's Suzanne Shank and Bill Thompson have joined with NBA veteran player Chris Webber in a new program launched by New York State to fund the growth of the cannabis industry that eliminates barriers for equitable participation.