Investments

Oversight Board says the non-consenting bondholders ideas are "not a proposal."

With munis establishing "directional footing" in the fourth quarter of this year, the technical backdrop is still the market driver for 2024, said Jeff Lipton, a research analyst and market strategist.

Fitch revised upward its outlook for Marin General Hospital and affirmed its revenue bonds at BBB, and general obligation bonds at AA-minus.

Fixed income is largely underserved in terms of climate risk analytics and sustainability data, said Larry Lawrence, Head of ICE Climate.

Some cities with lots of lead pipes, like Chicago, will get more time.

According to public sector workers, labor shortages, aging infrastructure, and affordable housing rank as the primary challenges facing public entities, as well as the rising threat to the tax-exemption.

The higher-ed sector, already facing internal pressures, could face scrutiny over its tax-exempt status during tax reform next year.

Xavier University in Ohio is the latest private Midwest college to face bad financial news -- downgrades from two bond rating agencies -- but it's not alone.

Supply is slightly lower this week at nearly $10 billion but not by much, with the pace of supply suggesting $500 billion of issuance for the year could still happen, said Tripp Kaiser, a managing director at Municipal Market Analytics, Inc.

The results of two investigations into overcharging on San Diego's SR 125 toll road revealed management knew about the issues long before they came to light.

Wells Fargo Head of Municipal Markets Strategy Vikram Rai said on Monday that Illinois' bonds are underappreciated as he released a report on the state.

Moody's has lifted the credit ratings on five special tax bonds.

Mutual funds saw inflows to the tune of $1.88 billion last week, marking 14 consecutive weeks of positive fund flows, according to LSEG Lipper. This brings year-to-date inflows to nearly $17 billion.

The district plans to price about $100 million of bonds Thursday, the first since Gov. Ron DeSantis took over control of it by appointing its board of supervisors.

The proposed sale size has grown to $1.5 billion and the city claims it will bring $90 million in savings this year.

The University of Arizona, which was hit with negative rating outlooks earlier this year, scheduled a debt refunding led by Morgan Stanley for Wednesday.

The rating is a new milestone in the state's long road out of legislative dysfunction.

City Comptroller Brad Lander said he's optimistic about the deal, congestion pricing lawsuits and his mayoral campaign.

The Dallas-based financial services firm, which launched a public finance business in May, announced a staff expansion.

Muni yields were cut up two to five basis points, depending on the curve, while UST yields rose five to seven basis points, pushing the 10-year UST yields above 4%.