Public finance

The market is striking a better tone as investors are less worried about rate hikes, NewSquare Capital portfolio manager Kim Olsan said.

More than $2 billion of affordable housing and healthcare bonds were approved by the North Carolina Local Government Commission.

The incoming Bond Buyer Hall of Famer repeatedly brought financial discipline and long-term thinking to public entities before helping them tackle some of Indiana's most complex infrastructure financings.

Heavy August issuance created fewer oversubscriptions and more demand for concessions, a signal that issuers, advisors and underwriters need to pay closer attention to structure, timing and clearing levels, according to Market Intelligence analyst Jeff Lipton.

Water issues are getting attention on Capitol Hill as questions about reauthorizing state revolving funds and the impact of data centers on ground water supplies are mixing with politics.

The Alabama Toll Road, Bridge and Tunnel Authority is bringing $3.7 billion of bonds and notes to finance a bridge and fund I-10 improvements in Mobile.

Supply hasn't let up since Tuesday's selloff. Muni yields will likely continue to rise as the new issue market offers investors a "buffet" of options, according to H.J. Sims analyst Tim Iltz.

For the second time in a year, the Texas city's elected officials voted against moving forward with the Inner Harbor project to boost long-term water supply.

State and local issuers should expect cuts in transit and rail projects over the short term, transportation advocates said.

The incoming Bond Buyer Hall of Famer has paired creative banking with relentless execution and client focus across four decades — from pioneering a new muni sector to transforming Jefferies into a market leader.

S&P upgraded Illinois' general obligation bonds to A from A-minus, citing a track record of capable fiscal management. This follows a Moody's upgrade a week earlier.

Rating analysts are tracking the potential departure of the DuPage Water Commission, the largest wholesale customer of Chicago's water enterprise.

It's the call feature.

The muni selloff is likely to continue if UST yields stay elevated, according to SWBC's Chris Brigati.

"We are going to continue to grow strategically where we feel we can add value to our clients," said Beth Coolidge, Oppenheimer's head of public finance.

Issuance was $59.57 billion in 873 deals, up 14.5% year-over-year from $52.006 billion across 880 transactions.

For the 25th year, The Bond Buyer editorial board will identify and recognize the year's most outstanding municipal finance transactions. The deadline for nominations is Friday, October 2.

The Trump administration court filing will give PREPA bondholders an incentive to hold out for a better offer, according to one observer.

The airspace surrounding Washington D.C. is expected to absorb more flights in the near future as the Washington Manassas Airport in Virginia has cleared an environmental assessment by the FAA.

"The muni market selloff is primarily a result of Treasury movement, but the orderliness of it in terms of not getting any more volatility in munis than Treasuries is a direct result of people's ability to withstand those moves," said Jeff Timlin, managing partner and head of municipal bond investing at Sage Advisory.