Investments

Water infrastructure projects in the 2027 plan are aimed at accommodating projected population growth and addressing dwindling supplies.

The California High-Speed Rail Authority and the High Desert Corridor Joint Powers Agency will cooperate, notably on the station where they plan to connect.

The top two municipal bond insurers wrapped over $18.012 billion across 819 deals in the first half of 2026, down from $21.97 billion in 878 deals in 1H 2025, according to LSEG data.

Bondholder liens did not arise "solely by force of a statute," but depended on contract agreements and trust indentures and therefore don't survive bankruptcy, the court said.

Muni ETFs experienced "some of the most severe and prolonged pricing dislocations across all ETF categories in March 2020," the paper said.

Market observers question the strength of pension funds, following positive performance reports.

New leadership and private capital are part of the strategy to push the high-speed rail project to its overdue completion.

Muni yields were cut eight to 13 basis points, depending on the curve, while UST yields rose two to six basis points, pushing the two-, three-, five-, seven- and 10-year USTs to yearly highs.

Congress should also eliminate the mass transit account from the Highway Trust Fund, and consolidate all federal fuel tax revenues into the HTF, the USDOT proposed.

S&P said its earlier rating had its origin in an incorrect methodology.

The rules governing the cap on state and local tax deductions have been changed in each Trump administration and greatly debated in the muni community as new research shows the cap may have boosted inflows into bonds.

Oil prices topped $100 a barrel Thursday morning as the U.S.-Iran conflict continues with no resolution in sight.

Tender activity has risen between 2019 and 2024, with muni issuers executing more than $48 billion, according to the Government Finance Officers Association.

Cook County, Illinois, will return to market next week with $119.5 million of Series 2026 fixed rate, tax-exempt sales tax revenue bonds.

The muni market's losses were likely driven by USTs, said Chad Farrington of DWS — but they could show the beginnings of weakening demand.

Cities with voter requirements face higher borrowing costs, a study found.

"This is very good news for bankers because this value is portable," said study author Natasha Boreyko.

The Texas city needs higher rates in part to support future debt that would be issued for $1.1 billion of water supply projects that are underway.

Moody's and Fitch downgraded the school district's ratings.

While NAMA believes FA references should be eliminated, it urged the MSRB to address the proposed amendments as part of its retrospective review of MA rules.