Investments

Kansas City, Missouri, is weighing $235 million in special obligation bonds to help fund the $1.4 billion expansion of the KC Current's two-year-old stadium.

Munis were little changed, but geopolitical and market conditions could bode well for the sector, MMA's Matt Fabian said.

The latest update for the project at the Southwest Airlines hub showed an estimated $2.54 billion price tag and plans to issue general airport revenue bonds.

As the Trump administration touts an end to the Iran war and the eventual opening of the Strait of Hormuz, oil prices are dropping which may push muni yields down and fuel demand.

Bondholders also waived an event of default for $22 million of senior debt that Brightline took on in May.

South Carolina — which just passed a law allowing tolls and public-private partnerships — won federal funding for a statewide asset scan focused on its major transportation corridors for potential P3s.

"I think generally there is an over-emphasis placed on the takedown at the expense of considering the overall cost of the transaction," Nikolai Sklaroff, capital finance director at the San Francisco Public Utilities Commission, said.

J.P. Morgan is ranked second among underwriters, accounting for $27.182 billion in par on 200 deals year-to-date, according to LSEG.

The Texas city's $115 million general obligation bond sale comes as a water supply emergency and potential further negative rating actions loom.

Investors want to see what happens with the Fed and the Iran peace deal before they react, said Schwab's Cooper Howard.

After the DOT "expedited" a $25 million investment in the train, Q1 trespassing incidents and collisions on Brightline Florida fell 30% year-over-year, the office said.

Hospitals, universities and transit agencies are among the issuers that would face heightened uncertainty around federal funding if the rule is enacted.

Budget legislation was introduced in both houses of the California legislature last week, setting up negotiations.

The Federal Open Market Committee enters a new phase when it meets this week as Kevin Warsh takes over as chair.

The funding comes with a commercial partnership: LeveL Markets will integrate OpenYield into its equities platform, giving LeveL's institutional clients a direct path to OpenYield's bond liquidity, according to a press release.

Market Intelligence analyst Jeff Lipton maps where credit remains stable and where caution is warranted in his mid-year scorecard, flagging pressure points in higher education, K-12, tobacco and parts of local government while outlining the structural strengths supporting states, airports and other essential-service sectors.

Supply has been robust in June but issuance falls to an estimated $8.137 billion this week.

There has been some "capitulation" in munis lately. The asset class was outperforming USTs until very recently, said Chris Brigati, managing director and CIO at SWBC.

Craig Kornett embraces his new work environment as he starts to settle into his position at TD Securities.

After the latest cyberattack struck a K-12 school system, rating agencies and muni market participants warned of an evolving risk to school district issuers.