Public finance

The muni market "is being teed up to enter 2023 from a relative position of strength," said Jeff Lipton, managing director of credit research at Oppenheimer Inc.

Net revenues for September and October came in 12.3% above budgeted projections.

The county close a private partner as it seeks to establish microgrid districts with the goal of promoting economic development and achieving climate change goals.

Strong 2021 contribution levels continue a trend that began with pension reforms made in the wake of the Great Recession.

"I think the bond market is right, a recession is coming," said Liz Young, head of investment strategy at SoFi, "and the economic indicators reinforce that message."

The muni market saw $384.086 billion of debt sold in 2022, nearly $100 billion less than $483.234 billion in 2021.

"Bond investors bid a not-so-fond farewell to 2022 as they look forward to a much more attractive 2023," said Bryce Doty of Sit Investment Associates.

IDE Technologies proposed a privately financed project to bolster Arizona's water supply by delivering desalinated water from Mexico to the state via a pipeline.

If the USVI closes the deal, it would mark only the second long-term lease of a U.S.-based airport, after Puerto Rico's Luis Munoz Marin International Airport.

Because I-75 is a key freight corridor from Florida to Canada, impacts from traffic congestion affect commercial and commuter traffic up and down the East Coast.

The value of the municipal bond market decreased by 4.3% in the third quarter of 2022, said Pat Luby, a strategist at CreditSights.

Outflows continued as Refinitiv Lipper reported $1.946 billion was pulled from municipal bond mutual funds in the week ending Wednesday after $3.094 billion of outflows in the prior week.

A decision from the Government Accountability Office supports opponents of a controversial memo outlining the administration's preferences for how states should spend their infrastructure funds.

Inflation is a chief risk to public officials eager to launch new projects, but it's a boon for infrastructure investors, who view the asset class as a natural hedge.

2022 saw rising rates, low issuance, massive fund outflows and overall volatility.

"With only a few days remaining in the year, muni bonds have had a tough year losing roughly 8.44% for the year," said Jason Wong, vice president of municipals at AmeriVet Securities.

Gov. Bill Lee announced plans that would allow the use of public-private-partnerships for transportation infrastructure redevelopment in December.

The increasing number and frequency of cyber attacks against municipalities is a cause for credit concern, S&P Global Ratings says.

"Although late-year volumes may be smaller, the market tone is holding firm on the premise of no supply/rollover demand — somewhat typical for December but noteworthy for the level of volatility the market has endured," said Kim Olsan, senior vice president of municipal bond trading at FHN Financial.

State agencies expect to issue about $14.42 billion of debt during the fiscal year that began Sept. 1.