News and Information from Bond Buyer

Investors added $1.266 billion to municipal bond mutual funds in the week ended Wednesday, following $744.3 million of inflows the prior week, according to LSEG Lipper data.

S&P revised Chicago's outlook to negative from stable and affirmed its BBB rating on the city's outstanding general obligation debt.

Public transit emerged as an $11 billion winner in the 2025 elections as voters in five states approved measures to pour money into the sector.

At least $200 million of the bonds will be priced on a competitive basis.

The city plans to sell about $690 million of AMT bonds on Nov. 18 to finance facilities and refund outstanding debt for the airline.

Loren McDougall will help Birch Creek launch high-yield-focused separately managed accounts.

Louisiana State Treasurer John Fleming indicated he is open to compromise on the nature of state oversight for the city, which may have trouble making payroll.

While the market navigates a surge in supply, another focus area has become elections and their potential to shift market demand, as several regional election results will likely garner greater attention over the next few months, said Kim Olsan, senior fixed income portfolio manager at NewSquare Capital.

City and state law mean it's unlikely that Mamdani will be able to enact the parts of his agenda that would have major impacts on the city's credit. 

An uncertain financial future partially due to federal government downsizing is compounding with nearly $6 billion of unfunded capital needs that will require Washington D.C. to lean on asset management and its strong credit rating to overcome the challenges.

The ruling comes as the municipal bond market closely watches the administration's effort to control federal infrastructure spending.

The federal budget bill lowered the percentage of private-activity bonds needed for affordable housing projects to qualify for 4% tax credits, but it hasn't been the boon expected.

Water challenges abound across California. From droughts to flooding,

Municipal market professionals aren't confident that state and local governments will invest in resilient infrastructure over the next five years.

With funding cuts and immigration policy shifts from Washington compounding with enrollment dropping,

Illinois' General Assembly passed a bill that provides both governance reforms sought by lawmakers and funding to avert a Chicago transit fiscal cliff.

A rundown of the largest bond referendums.

As the industry grapples with the retirements and retrenchment, how does it entice talented younger individuals to enter the space?

Tuesday saw a good slate of deals, including the acceleration of Ohio's $508.865 million of GOs and Austin's $419.035 million of electric utility system revenue refunding bonds.

Moody's revised the outlook on the Chicago Board of Education to stable from positive on Monday.