Public finance

Munis are off to a "hot start" this year, said Jeremy Holtz, a portfolio manager at Income Research + Management.

In this third of a three-part 2026 municipal bond outlook series, Market Intelligence analyst Jeff Lipton explains how another year of heavy supply, surging ETF and SMA assets, climate and cyber risk, and growing use of bond insurance will drive muni market structure and strategy for both sell-side and buy-side stakeholders.

The state's first-of-its-kind law allowing for tolling on its interstates is closely watched by transportation experts.

Bank of America and Wells Fargo will lead underwriting for $1.8 billion of sales tax and revenue bonds issued through the Kansas Development Finance Authority.

The Nashville Metropolitan Airport Authority is issuing municipal bonds to finance upgrades to an airport bulging at the seams after rapid traffic growth.

Gov.-elect Mickie Sherrill said she will nominate Aaron Binder, the state's deputy treasurer, to head the New Jersey Department of the Treasury.

Surprisingly, the expected surge in net supply last year did not elicit a major repricing in the muni market, said Pat Luby, head of municipal strategy at CreditSights.

University Park joined four other cities in placing measures on the May 2 ballot asking voters to decide whether to withdraw from Dallas Area Rapid Transit.

The Port Authority of New York and New Jersey has already established itself as the frontrunner in the U.S. airport P3 space.

The Nederland Board of Trustees approved an agreement to purchase the Eldora Mountain Resort contingent on the sale of revenue bonds.

Cindy Nichol, Sacramento International Airport's director, became chair of an international airport association.

Market Intelligence analyst Jeff Lipton, in the second installment of his three-part 2026 outlook series, maps out quality-centric portfolio shifts, barbell and long-end strategies, and sector tilts across hospitals, higher education and housing as record supply and net inflows drive the muni market.

Boys Town, Nebraska, home of a high-profile sanctuary for troubled kids, heads into the bond market after a two-notch downgrade and recent abuse claims.

Confidence in the muni market is "well placed," said Matt Fabian, president of Municipal Market Analytics.

The state's Local Government Commission approved the borrowing Tuesday.

These moves come as Huntington Securities and Capstone Partners, both subsidiaries of Huntington Bancshares Inc., finished their acquisition of three business units from Janney's capital markets division.

In the first of his three-part 2026 municipal outlook series, Market Intelligence analyst Jeff Lipton forecasts for sub-5% returns, continued demand, possibly more curve steepening as the Fed eases slowly, the economy skirts recession, and AI, tariffs and midterm politics potentially reshaping risks across public finance sectors.

Improved risk sentiment after the capture of Venezuelan President Nicolás Maduro helped pull investors into all markets and munis are a "beneficiary" of that shift, said James Pruskowski, an investor and market strategist.

Bondholders are seeking compensation from the U.S. government for their losses in the restructuring.

Berryessa Union School District in Santa Clara County had its issuer rating downgraded to A2 from A1 by Moody's.