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Fed Chair Kevin Warsh took a hawkish tone on inflation in his Jackson Hole speech, sparking a selloff in short-term UST yields.

With the Fed chair focusing on inflation, the markets have increased the odds of a September rate hike.

The administration is seeking industry feedback on funding mechanisms and the use of public-private partnerships in spaceport development.

The revised bill removes provisions creating state-backed credit enhancement for affordable housing bonds, calling instead for a study of housing finance tools.

Moody's Ratings cited the increasing likelihood the federal government won't continue leasing the current Washington, D.C., headquarters for NASA.

California's fall issuance plans bring a big name into the market at a time when high muni issuance levels have withstood higher interest rates.

Daily report for August 28, 2026

It's no surprise that munis are in a "holding pattern," Charles Schwab's Cooper Howard said, as investors are eager to hear Fed Chair Kevin Warsh's speech on Friday.

"Assured has signaled that it's willing to engage in this process not like a traditional insurer but rather more akin to a value-maximizing market participant," an analyst said.

Thursday's move marks another formal step back from a water supply crisis that has negatively impacted the city's bond ratings. 

The Texas city's property tax-backed debt offering will be sold competitively on Sept. 22, according to a draft preliminary official statement.

The move underscores a growing sense of urgency from Fortress Investment Group-backed Brightline to address its $5.5 billion of obligations.

Republican efforts on bonding in Louisiana and North Carolina mirror wider GOP-led state governments' efforts to expand power over localities.

Daily report for August 27, 2026

Muni market participants are "asking a lot of questions" ahead of Fed Chair Kevin Warsh's speech at the Jackson Hole retreat, said James Pruskowski, managing director at Hennion & Walsh.

With a general obligation bond deal in the works, Illinois can tout Moody's upgrade to A1 of the state's issuer, GO and Build Illinois sales tax bond ratings.

A proposed constitutional amendment allowing the legislature to determine how local revenue lost due to property tax exemptions is reimbursed was defeated.

"SIFMA applauds the MSRB's forward-thinking efforts to modernize its rules," its comment letter said.

Accelerating deals does not cause undue strain on the underwriters, said Ron Banaszek, co-head of public finance and lead underwriter at Blaylock Van.

Under Dalton's leadership, the boutique firm became a prominent voice in the municipal market.