Public finance

The hire comes as more BAM clients are considering public-private partnership financing structures.

The market strength is a carryover from Friday, when munis rallied upo 12 basis points after a weaker-than-expected jobs report solidified expectations for a September rate cut. This was the largest single-day rally since April.

From leases for floating wind farms to projects nearly finished with construction, no offshore generation project is safe from the Trump administration.

Muni yields were bumped two to 12 basis points, depending on the scale, with the largest gains out long, and UST yields fell six to nine basis points, pushing the two-year UST to its lowest levels in over two years.

With the estimated cost rising to $1.2 billion, the city council took action to end planning for the project, sparking concerns about outstanding bonds.

The school had less than one time debt service coverage last fiscal year.

The Trump administration's immigration policies are "undermining the country's ability to build infrastructure and construction programs," the Associated General Contractors of America said.

With Congress back in session the lobbying for infrastructure funding is heating up.

The rally stemmed from the weak nonfarm payrolls report and revisions brought down the three-month average to 29,000 jobs per month, further solidifying the chance of a rate cut in September, said Chris Brigati, managing director and CIO at SWBC.

Investors added $672.3 million to municipal bond mutual funds in the week ended Wednesday, following $590.4 million of inflows the prior week, according to LSEG Lipper data.

The Civic Federation and the Federal Reserve Bank of Chicago co-hosted an event on Wednesday titled "Taxing Times, Smarter Strategies."

"We are expecting a lot of interest in the offering next week," said Geoff Urbina, managing director, KeyBanc Capital Markets Public Finance.

Differences between the Senate and House versions of the bill, which targeted cities and counties, could not be resolved.

Ketner is Baird's second hire in the higher education and nonprofit sectors in the last 30 days.

A injunction blocked the service cuts that would have balanced SEPTA's budget. 

The marquee project of many funded by next week's bond sale is the widening of the airport's Concourse D and the building of a Delta Sky Club lounge above it. 

Looking solely at internal factors, "the municipal market itself is still doing well, reasonably via the temporary drop in new issue supply amid a more lasting reduction in reinvestment flows," said Matt Fabian, a partner at Municipal Market Analytics.

The bill enjoys the support of local government and public utility groups.

BondLink's client issuers reached over $500 billion in bond sales while working with the municipal bond platform.

The bankruptcy court told bondholders and other creditors they should vote on the proposed reorganization by Oct. 29.