Public finance

Nebraska Gov. Jim Pillen vowed to pass sweeping property tax reform in 2027 after Nebraska legislators failed to deliver relief this year.

Fitch revised the outlook to negative from stable, citing a significant jump in leverage.

Wisconsin and Ohio lawmakers are showing signs of diverging on data centers as grassroots opposition grows in both states.

It's difficult to tell whether the markets were more affected by spiking oil prices, eroding peace talks between the United States and Iran, or Kevin Warsh's hawkish comments during his confirmation hearing to chair the Federal Reserve, said James Pruskowski, managing director at Hennion & Walsh.

The Texas city's latest projection for the onset of a Level 1 emergency comes as water woes spurred rating downgrades and negative outlooks since last fall.

The $14.6 billion budget calls for hiring police and Olympic-focused infrastructure spending after last year's spending plan proposed layoffs.

Market Intelligence analyst Jeff Lipton warns that as ESSER-era support fades, shifting enrollment patterns, voucher expansion, tax-cut dynamics and rising costs are exposing credit stress in parts of the K-12 sector — making security selection and disclosure discipline more important in 2026 and beyond.

MBIA says it isn't responsible for what its subsidiaries did.

The risk of contagion to the rest of the high-yield market is limited, investors said.

Market support for taxables, particularly those from active issuers, remains firm. Taxables are seeing gains of 1.08% year-to-date, or 50 basis points above a UST index gain, said Kim Olsan, senior fixed income portfolio manager at NewSquare Capital.

The market is experiencing a "calm before a potential storm," said Chris Brigati, managing director and CIO at SWBC.

Megan Kilgore is leaving the Columbus, Ohio, city auditor post to launch a technology consulting firm, BKC Group, with Gregg Bienstock.

Lincoln Center's expansion project shows its confidence in its fundraising abilities and future demand but analysts worry about the debt burden.  

"Ceasefire optimism augmented by a liquidity-driven risk-on macro market environment should be neutral for duration and positive for credit spreads," BofA analysts wrote.

Florida PACE Funding Agency says it will have to default on its bonds unless the Florida Supreme Court takes quick action.

Otero County said the state Supreme Court's decision protects bonds that are paid off with revenue generated under an agreement with the federal agency.

The two-week ceasefire with Iran comes to an end Wednesday, though President Donald Trump said Thursday at an event in Las Vegas the war should be ending soon.

The city council of Kansas City approved an ordinance laying the groundwork for a $1.9 billion stadium for the Kansas City Royals.

Austin and Dallas joined Houston in being warned that millions of dollars in state grants are at risk over federal immigration enforcement interaction policies.

Pricing deals on Monday, alerting investors weeks ahead of pricing, and crafting SMA-friendly structures are some of the ways dealers are promoting their deals in a flood of supply.