Public finance

Kansas City, Missouri, is weighing $235 million in special obligation bonds to help fund the $1.4 billion expansion of the KC Current's two-year-old stadium.

Munis were little changed, but geopolitical and market conditions could bode well for the sector, MMA's Matt Fabian said.

The latest update for the project at the Southwest Airlines hub showed an estimated $2.54 billion price tag and plans to issue general airport revenue bonds.

South Carolina — which just passed a law allowing tolls and public-private partnerships — won federal funding for a statewide asset scan focused on its major transportation corridors for potential P3s.

J.P. Morgan is ranked second among underwriters, accounting for $27.182 billion in par on 200 deals year-to-date, according to LSEG.

The Texas city's $115 million general obligation bond sale comes as a water supply emergency and potential further negative rating actions loom.

Investors want to see what happens with the Fed and the Iran peace deal before they react, said Schwab's Cooper Howard.

Hospitals, universities and transit agencies are among the issuers that would face heightened uncertainty around federal funding if the rule is enacted.

Budget legislation was introduced in both houses of the California legislature last week, setting up negotiations.

The Federal Open Market Committee enters a new phase when it meets this week as Kevin Warsh takes over as chair.

The funding comes with a commercial partnership: LeveL Markets will integrate OpenYield into its equities platform, giving LeveL's institutional clients a direct path to OpenYield's bond liquidity, according to a press release.

Market Intelligence analyst Jeff Lipton maps where credit remains stable and where caution is warranted in his mid-year scorecard, flagging pressure points in higher education, K-12, tobacco and parts of local government while outlining the structural strengths supporting states, airports and other essential-service sectors.

Supply has been robust in June but issuance falls to an estimated $8.137 billion this week.

There has been some "capitulation" in munis lately. The asset class was outperforming USTs until very recently, said Chris Brigati, managing director and CIO at SWBC.

Craig Kornett embraces his new work environment as he starts to settle into his position at TD Securities.

After the latest cyberattack struck a K-12 school system, rating agencies and muni market participants warned of an evolving risk to school district issuers.

Pooling local projects and slicing up risk could open the door to more private capital, a researcher said.

Transit authorities around the country are bracing for upticks in ridership and revenue thanks to the World Cup as negotiations over surface transportation authorization linger in the background.

Many factors impact the performance of munis, and, this year, everything seems to be working for the positive.

City officials attribute the structural deficit to inflation-driven spending increases combined with revenues that have not kept pace.