Investments

Michigan's Great Lakes Water Authority went to market in June with roughly a billion dollars of bonds, part of a complex transaction that included a tender.

School districts across Missouri face uncertainty over certification of their bond measures in light of a statute requiring a precise public notice window.

"Market volatility is likely to pick up, but the latest development does not constitute an escalation in the trade war," according to UBS strategists.

The dueling lawsuits underscores the need for alternative dispute resolution in public-private partnership contracts, said a P3 attorney.

Without the increase U.S. Virgin Islands matching funds bonds would have defaulted in the next few years, some observers said.

The markets are waiting for the Federal Open Market Committee to make its next move.

A New Jersey school district will likely avoid filing for bankruptcy after the state passed a budget that raised property taxes. 

Markets are "tilting to a risk-off posture as participants brace for the chance of Trump tariff-sparked turbulence in the coming hours and days," said José Torres, senior economist at Interactive Brokers.

The policy shift may crowd out some projects, warned Baruch Feigenbaum, senior managing director of transportation policy at Reason Foundation.

JP Zaptin has joined Baird where he will establish a municipal trading desk