Investments

The governors of Arizona and Nevada said their states would suffer disproportionately from the management plan for the drought-starved river.

The markets are in a "holding pattern" as they wait for news on the Strait of Hormuz and Fed policy, FHN Financial's Ajay Thomas said.

States are taking closer looks and passing legislation on the tax breaks that typically spur data center placement as the backlash stiffens via changes in public finance policy.

The scale of the evacuations and damage "underscore the growing credit risk that wildfires pose in the Pacific Northwest."

The demand has its limits, however.

Some public pensions "don't have good regular reporting on where their public equities are," which makes it hard to gauge the extent of the concentration, Equable Executive Director Anthony Randazzo said.

Market Intelligence analyst Jeff Lipton says muni investors should treat July as a reset, not a retreat, with positive flows, compelling taxable-equivalent yields and selective repricing supporting modest single-digit returns by yearend.

This week, issuance falls to an estimated $9.651 billion, with $6.611 billion of negotiated deals on tap and $3.04 billion of competitives, according to LSEG.

When Beth Wolchock began her career as an underwriter, she was often the only woman at the table.

The payroll data lowered fears of a rate hike, boosting munis and USTs.

Jeffrey Cleveland, Managing Director and Chief Economist at Payden & Rygel, will discuss the FOMC meeting, the new SEP and Chair Warsh's press conference.

The city took the measure to partially address a shortage in its general fund.

Lifting the PABs cap is a priority for transportation advocates, lawmakers from both sides of the aisle and the Trump administration.

 A default under the concession agreement could result in termination of the project, according to an analyst.

Geopolitical and macroeconomic factors are hurting USTs, but the muni market still has momentum, said Hennion & Walsh's James Pruskowski.

The larger tax-exempt portion of the bonds reportedly were 18 times oversubscribed.

The Texas city plans to bring general obligation bonds, certificates of obligation and tax notes to market later this month.

"They're totally more vulnerable," Michael Sudsina, president and CEO of Ohio-based municipal advisory firm Sudsina & Associates, LLC, said.

The deal was too highly leveraged for some investors.

Scrutiny of what qualifies as a muni bond is coming, and when it happens, there will be direct implications for liquidity, pricing and investor protection across the market, said James Pruskowski, managing director at Hennion & Walsh.