Buy side

AllianceBernstein hired four municipal credit special situations analysts based in its Dallas office.

Concerns about Brightline have dragged down performance in the high yield sector this year.

Fortress Investment Group bought the property in 2021 after it was largely destroyed by Hurricanes Irma and Maria and financed a major renovation that featured reinforcement standards designed to protect against a category 5 hurricane.

The new debt is a "bridge loan" until the company can raise fresh financing, a bondholder said.

Bonds have traded up since the company last week announced a tentative bondholder deal and project update and financing details.

The deal would give the company time to seek additional equity, debt and federal funds.

Flows into high-yield muni mutual funds had slowed over the past several weeks, and the past two weeks have seen outflows.

Rural providers face $137 billion in federal Medicaid cuts from the One Big Beautiful Bill Act.

Multi-layered state oversight, strict fiscal safeguards and durable revenue pledges support New York City GO and TFA bonds even as investors brace for policy shifts under mayor-elect Zohran Mamdani.

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

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

Municipal bond insurance volume grew 17.7% year-over-year in the first three quarters of 2025, according to LSEG, outpacing the municipal market as a whole.

Meanwhile, the Brightline West train project has floated a possible debt exchange ahead of its own mandatory redemption later this month.

As climate and cybersecurity risks intensify, Jeff Lipton argues it's time for the legal community to lead a new era of municipal disclosure — tightening language, clarifying exposures, and ensuring investor confidence.

The Los Angeles Department of Water and Power will sell $977.6 million of water revenue bonds as it grapples with the impacts of January's devastating wildfire.

Interest rate volatility and the Trump administration have municipal market professionals worried that funding goals won't be met.

Jeff Lipton begins his role as The Bond Buyer's Market Intelligence Analyst with an examination of how evolving federal policy, shifting credit conditions and market inefficiencies shape municipal risk — and where disciplined analysis can uncover value.

Analyst and market strategist Jeff Lipton joins the team to deliver clarity and thoughtful guidance to a market witnessing evolving complexities — connecting policy moves, credit shifts and investment behavior to help our readers navigate what comes next.

The first part of exclusive research from The Bond Buyer finds that most industry optimists say funding needs will be met sometime after 2035.

Its triple-A bonds have recovered after cheapening earlier this year under a pressure campaign from the Trump administration.