Investments

The upgrade lifts $1 billion of the Jacksonville system's water and sewer system senior revenue bonds to AA-plus from AA.

Gambone, who has 30 years of experience in the municipal finance industry, replaced retiring head of public finance Eileen Solla-Diaz.

The website highlighting newly launched public and private projects comes ahead of the administration's second "Investing in America" tour in July.

House Republicans are seizing on the debt ceiling crisis to hammer home criticisms of economic policy.

"June started out fairly strong for the municipal market as the relative cheapness attracted investors looking for an opening to start buying bonds at higher yields," said Roberto Roffo, managing director and portfolio manager at SWBC Investment Company.

Muni Pride has been rebranded from California Muni Pride to reflect its developing national focus.

Olson, a 20-year municipal bond veteran, replaces Marjorie Henning who retired at the end of April. In his new position, he will be in charge of the Bureau of Public Finance, which manages the city's borrowing for the comptroller.

"It's a quiet revolution," said Reason Foundation's Robert Poole.

The Housing Development Corp. will come to market with almost $1 billion of sustainable development bonds to fund new housing projects in the city.

The system is incorporating some floating-rate risk into its fixed-rate debt portfolio to allow for strategic flexibility after its new hospital campus opens.

Last week, munis underperformed the Treasury market "across the curve through Thursday with yields lower just 13bps," according to Birch Creek strategists. However, they said Friday's rally "in the front end helped pull shorter maturity munis ahead."

A bond-financed assisted living complex for low-income senior residents in southern New Jersey has been struggling to make timely monthly loan payments.

The legislation would boost the size limitation of industrial revenue bonds and expand the uses of proceeds.

For the coming week, investors will be greeted with a new-issue calendar estimated at $8.213 billion.

The negative outlook assigned to Portland State University's bonds by Moody's Investors Service affects $195 million of debt.

The electrical generator provides about 21% of the Puerto Rico Electric Power Authority's electricity and the default's impact on PREPA and PREPA's bankruptcy remain to be seen.

Reinvestments, which includes maturities, called bonds and coupons, total over $114 billion over the next four months, according to ICE Data.

The settlement will allow Austin-Bergstrom International Airport to demolish the privately operated South Terminal as part of a midfield concourse project.

The recent influx of migrants has stressed the city's social services system amid uncertainty about whether funding will come from state or federal government.

The debt ceiling bill promises relief for jittery municipal market participants.