Investments

The top 10 saw some shifts again.

PFM takes the top spot.

NYC TFA tops the list.

As the underwriter landscape changes, so does the competitive market.

Houston and other Texas cities face financial pressure caused by weather disasters, public safety salaries and pensions, or capped property tax collections.

Municipal triple-A yield curves played catch up to USTs Friday to close out a week of more mixed economic data that has economists constantly reevaluating their Federal Reserve policy expectations with little consensus.

Municipal bond insurers wrapped $28.921 billion in the first three quarters 2024, a 26.8% increase from the $22.814 billion insured in the first three quarters of 2023, according to LSEG data.

Analysts remain divided about what the stronger-than-expected consumer price index will mean for Federal Reserve policymakers since the Fed appears to be concentrating on the labor market.

Local governments that were in Hurricane Milton's path, however, will face significant credit challenges, Moody's said.

The Equitable School Revolving Fund will have 90 loans outstanding to charter schools across 23 states.

Data from the Municipal Securities Rulemaking Board indicates that trade volume may stay high after a consistent third quarter.

Chicago's City Council deferred a vote on a $1.5 billion bond measure.

The $80 million bond deal will build a ballpark for the Chattanooga Lookouts that city officials say will revitalize a neighorhood.

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.