Public finance

Most recently, mutual funds saw outflows of $430 million on Friday, driven by negative $544 million fund flows from open-ended funds, offsetting the $113 million of inflows from ETFs, according to J.P. Morgan.

Senators from western states sent a letter to two federal agencies to address preparations for an extended fire season.

International students are concentrated in certain schools, but most schools will feel the loss as the Trump administration drives down enrollment numbers. 

Issuance this week is down from last week's $15-plus-billion new-issue calendar, partly due to the FOMC meeting.

Munis got a bit oversold on Thursday, SWBC's Chris Brigati said. Next week's lighter calendar and FOMC meeting should help stabilize the market.

KeyBanc Capital Markets will price for the Ohio Water Development Authority $160.1 million of water development revenue and revenue refunding bonds on Tuesday.

The new rules governing low-income housing tax credits and private are already affecting the development of affordable housing.

The company has completed construction contract negotiations, which a bondholder said provides cost certainty and allows the company to focus on raising full financing.

The incoming Bond Buyer Hall of Famer combined legal training, investment banking and financial advisory experience to solve complex financings — and used that range to help develop the industry's next generation.

"The people of New Orleans deserve better results from the Sewerage and Water Board," said Mayor Helena Moreno.

Since the end of June, long-dated muni yields have risen by upward of 50 basis points, pushing yields to the highest levels since the tariff-induced volatility in April 2025.

A November sale of up to $348 million of general obligation and other debt is planned, while the council okayed interim financing for Dallas Love Field Airport.

An agreement between Norman Regional Health System and bondholders postponed a Sept. 1 debt service payment until a $40 million bond sale closes.

If CMS finalizes the rule, "many freestanding proton centers across 11 states would be in immediate jeopardy of being financially unsustainable," the National Association of Proton Therapy said.

The city's convention center authority plans to use proceeds from a $775 million bond sale to finance expansion of Music City Center.

Fear of inflation is hitting all markets, MMA Director Kevin McGuigan said, but high supply and low reinvestment cash mean it's hitting munis harder.

Rodriguez previously worked at Janney Montgomery Scott, where she was a managing director and head of Texas public finance.

Provisions in the One Big Beautiful Bill Act designed to jump start affordable housing development are starting to trickle out into the market in the form of tax-exempt and taxable bond combos.

Fitch Ratings revised Illinois' outlook to positive, pointing to the state's recent trend toward "normalized operating performance" and diverse economy.

The incoming Bond Buyer Hall of Famer built public finance businesses at U.S. Bank and Academy Securities by combining experienced teams, issuer trust and a clear reason for clients to choose a new franchise.