Munis

The authority is one of the few investment-grade U.S. issuers actively selling triple-tax-exempt paper.

With economic uncertainty ahead and the Federal Reserve potentially shifting to interest-rate cuts, analysts should take a closer look at individual issuers' financial disclosures.

The week ahead boasts some big-name issuers and rare credits, which should provide interesting price discovery. The new-issue calendar totals $6.08 billion, with a larger competitive calendar coming in at $2.4 billion.

The state has tapped JP Morgan and Wells Fargo as managers of the deal.

The potential federal funding "offers the best opportunity to begin to pay bond debt," the museum's CEO told bondholders.

The funds will go through State Drinking Water and Clean Water Revolving Funds, which states often use together with municipal bonds to finance projects.

The top five bond financings have an average dollar volume of nearly $1.5 billion.

Bond volume fell slightly, as volatility, higher interest rates, falling pandemic aid and slower economic growth kept issuers on the sidelines.

Texas bond volume climbed 22.5% to lead the nation in a year when issuance in the eight-state Southwest region increased by only 0.6%.

Moody's Investors Service placed the university under review for downgrade, citing in part debt that would be issued to purchase the University of Phoenix.