Investments

Under the agreement, the NBA's Thunder will play for at least 25 years in an arena that will be largely financed by a sales tax revenue bond sale later this year.

A growing rainy-day fund helped Alaska win a Moody's Ratings upgrade, bringing the state's issuer and general obligation bond ratings to Aa2 from Aa3.

Deals from two small Michigan cities show how bond-funded improvements are used to keep up with water infrastructure replacement needs.

Tom Kozlik said he was particularly concerned about the impact of a scaled-back FEMA on issuers in the Southeast.

"We expect no change to rates but [for the Federal Open Market Committee] to continue to signal that rate cuts should still be expected," said Cooper Howard, a fixed income strategist at Charles Schwab.

Hillman is part of a spate of hirings deepening the firm's presence in certain regions and the transportation sector. 

K-12 public schools get a $55 per-student increase in the state basic allotment, while other funding is allocated to specific purposes.

In the first quarter of this year, 18.6% of new-issue volume in the market was traded electronically, up from 17.3% last year, according to data from Coalition Greenwich.

The Senate needs 51 votes to pass the bill, which has already sparked opposition from moderate and conservative Republicans.

After two weeks of a deluge of issuance, supply drops off "given the FOMC meeting and Juneteenth holiday, so we expect investors will refocus on the secondary market and look to scoop up any value left behind in the wake of the issuance onslaught," said Birch Creek strategists.