Investments

The city of La Marque is taking steps to stabilize its shaky finances after a short-lived debt service payment default and a bond rating downgrade.

The muni market may be shaken by a government shutdown, driving short-term volatility and wider spreads, said James Pruskowski, a public finance strategist.

Tripp Kaiser, a managing director at Municipal Market Analytics, will become executive director of the Center on Municipal Capital Markets in January.

Atlanta's airport lost $57 million of funding for the current fiscal year. Other issuers have even more at stake.

Muni yields rose up to eight basis points, depending on the scale, with the largest losses again on the front-end of the curve.

The Trump administration is ending Chicago Public Schools' access to $8 million in fiscal year 2026 grant funding, the Department of Education said.

Bond attorneys are pondering language governing tax-exempt bonds used to finance spaceports.

Republicans established the fund to ease pressure on rural providers facing Medicaid and ACA insurance cuts.

The rating agency pointed to potential financial pressure from tax and other changes on the federal level for the state's outlook revision.

The short-end correction has been "driven by a solid labor market report, which pushed Treasury yields higher as expectations for additional Fed rate cuts tempered," said Alice Cheng, director of municipal credit and investor strategy at Janney.

Deston High School defaulted on series 2021A, 2022A and 2022B bonds.

How Congress and the Trump administration navigate the next several months carries implications for municipal issuers and investors.

Bond lawyers, municipalities, and transportation officials are moving towards greater use of public private partnerships for infrastructure projects bogged down by capital constraints and high risk.

S&P Global Ratings cut the Toms River Regional School District to A-minus from A, ending a negative CreditWatch but assigning a negative outlook.

The Fayetteville City Council will decide in October whether to put bonds backed by an extension of a one-cent sales tax on the March 2026 ballot.

The state's government now expects general fund revenues to decline 2.3% in the current fiscal year from the previous fiscal year.

Retail offerings from California and Connecticut led the market Wednesday.

It affirmed the California city's Aaa issuer rating, but cited the drag on revenues from tepid tourism numbers and liabilities from child sexual abuse claims.

Housing advocates are resuming a fracas with the federal government over Build America, Buy America requirements they claim are slowing down efforts to build more affordable housing, which relies on private activity bonds.