Investments

Kevin McGuigan, director at Municipal Market Analytics, chalked up the weakness to continued pressure from Treasury rates.

Owners and operators of rental housing are seeing a mix of opportunities and credit stress despite the Trump administration's emphasis on housing.

A 2023 lawsuit brought by an investment fund against the Brightline parent company may impact governance of the West Coast project.

Santa Clara County received investment-grade ratings ahead of plans to price debt to fund seismic improvements at its medical facilities.

Some of the largest deals — all of which are general obligation bond deals — are from specialty states, including California, New York City and Connecticut.

"We are optimistic that rates may normalize by the time the bonds price next week," said Maliha Ahsan, spokesperson for the Office of the State Treasurer.

The step is part of a larger effort to attract financial firms to St. Croix.

September saw the weakest month of total returns since 2008, according to J.P. Morgan analysts.

"I want us to be forward-thinking about how we regulate, " said Chilton, whose term as board chair began Oct. 1.

The rating agency, which switched its outlook to stable from positive last year, went back to positive due to reduced risks in DFW's massive capital program.

The drought-prone Texas city's $300 million utility system bond issue comes to market after rainfall and ongoing projects boosted water supplies.

Many investors go into the end of the year trying to catch up on tax-loss harvesting, but some analysts say market participants should be doing this year-round.

J.P. Morgan is scheduled to price the deal as municipal issuers confront shifting interest rates, secondary market supply, and evolving investor sentiment.

The rally has been more of a technical driver. Absolute yields and ratios, at least on the muni side, are very attractive, with the asset class becoming "oversold," said Whitney Fitts, director of municipal portfolio management at Appleton Partners.

Muni AI issuance may reach up to $11 billion in 2026, less than 2% of expected muni issuance, the firm said.

Moody's cited a weakened financial profile and increasing constraints on the authority's ability to raise rates. 

Nederland officials said they are still pursuing the issuance of revenue bonds to buy the Eldora Mountain Resort, as well as funding for capital improvements.

Issuance was $55.454 billion in 784 deals, up 13.7% year-over-year from $48.754 billion across 802 transactions. This is the highest monthly total for September, according to LSEG.

Muni investors' fears for the economy and war were overpowered by their fear of missing out, said Peter Delahunt, head of the municipal bond department at StoneX.

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