Investments

"The recent outperformance has valuations nearing stretched levels again," Birch Creek Capital said in a weekly report. "If USTs reverse the recent trend higher, we would not be surprised to see munis lag during the rally."

Despite looming economic and social challenges, New York City's economy has proven to be more resilient than projected, New York's comptrollers Brad Lander and Thomas DiNapoli say.

The Legislative Analyst's Office says the overhaul of behavioral and mental health systems would come at the expense of services provided by county governments.

Bohner said she hopes to carry on Flynn's commitment to the organization's programming, mentorship program and networking opportunities. 

The rating agency's release ESG credit indicators for states and territories last year was blasted by GOP officials for being politicized, vague, and confusing.

Another day of mixed inflation data led Treasury yields to rise but munis mostly stayed put after underperforming a UST rally earlier in the week. The market is also focused on the $9 billion of redemption flows coming on Tuesday.

The coastal town of Lahaina is "gone," Hawaii Gov. Josh Green said during a press conference.

Connecticut's baby bond trust received its initial funding without the need to borrow with the help of a debt reserve insurance policy.

Private company Texas Central has pivoted to public funding to support its stalled high-speed rail project.

A $40 billion White House supplemental funding request includes $12 billion for FEMA's disaster relief fund, but critics say it may be safer to consider the measure alone.

Plan of adjustment deadline schedule gets extended to Aug. 18.

New data indicates residents in high tax states are not moving to cut their tax liability.

"The main climate factors expected to influence the 2023 Atlantic hurricane activity are the ongoing El Nino and the warm phase of the Atlantic Multi-Decadal Oscillation, including record-warm Atlantic sea surface temperatures," said NOAA's Matthew Rosencrans.

Refinitiv Lipper reported $278.559 million of inflows into municipal bond mutual funds for the week ending Wednesday, led by exchange-traded funds.

Three utility entities associated with the development of nuclear energy in Georgia have received better rating outlooks from S&P Global Ratings.

The bonds are part of an $814 million infrastructure funding package that includes an extension of a 0.95% sales tax also approved by voters.

While acknowledging disputed allegations of mismanagement and infractions on the part of venue owner Legacy Cares, the judge denied a motion by the U.S. trustee in the Chapter 11 bankruptcy to appoint an independent trustee or dismiss the case.

"Weaker performance is in part driven by higher permanent labor costs," Moody's said. "These elements highlight rising human capital and financial strategy risks under Moody's ESG classification and are key drivers of this rating action."

California follows Midwest and Southeast states that formed hubs to go after federal infrastructure funding to develop 'clean' hydrogen fuel technology.

The annual survey shows a rising number of university leaders who are eying P3s for a range of services and infrastructure.