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The top three bond guarantee programs have an average dollar volume of more than $2.7 billion through the end of June 2023.

Daily report for September 29, 2023

Following multiple revisions and debate that stretched into the new fiscal year, the Massachusetts House of Representatives passed the tax relief package.

The last time muni mutual funds saw outflows top $1 billion was the week ending May 31 when they were $1.345 billion.

CEO Andrew Smith says authority is taking steps toward settling its outstanding debt.

Bonds tied to Destiny USA in Syracuse were cut deeper into junk by Moody's Investors Service on doubts about its ability to extend an outstanding loan.

"The major question is whether a shutdown is going to result in a ratings impact in the municipal market, and the answer here is no," said Jennifer Johnston, director of research for Franklin Templeton's fixed income-municipal bond team.

Two out of three Californians said they expect bad economic times in the next 12 months, according to a Public Policy Institute of California poll.

The city plans to refund the privately placed special tax revenue obligations with long-term bonds in 2024.

California priced $625 million in State Public Works Board lease revenue bonds this week.

Daily report for September 28, 2023

"The market has taken to heart the [Federal Open Market Committee] actions from last week," said Jeff Lipton, managing director of credit research at Oppenheimer Inc.

The eleven member General Assembly Joint Tax Credit Review Panel has met several times since the end of the 2023 legislative session.

The House Financial Services Committee grilled SEC chief Gary Gensler Wednesday.

Final state approval of the debt was conditioned on the resolution of a petition to the Oklahoma Supreme Court to revisit its Aug. 1 validation of the debt.

The downgrade reflects the school district's weakened financial position, Moody's Investors Service said, adding that while the district's operating deficits have moderated significantly, they will persist over the next fiscal year.

The upgrade reflects progress and ongoing development at Hudson Yards that has led to increased payments in lieu of taxes, said S&P credit analyst Felix Winnekens.

Daily report for September 27, 2023

Fitch Ratings affirmed the city's AA-plus GO rating while bumping the outlook on certificates of participation sold for its city courthouse.

Yields have "risen substantially over the last week as the market seeks to find at least a minor level of balance or equilibrium," said Tom Kozlik, managing director and head of public policy and municipal strategy at HilltopSecurities.