Public finance

Tax-exempt munis have underperformed year-to-date, said David Hammer, a managing director and portfolio manager at PIMCO.

Fitch said the train line's ridership and revenue ramp-up continue to lag projections.

The top two municipal bond insurers wrapped $22.121 billion in 1H 2025, up from $19.4 billion in 1H 2024, the data shows.

The city has promised to contribute $625 million to the stadium project. The team, owned by billionaire Shahid Khan, is to come up with $625 million of its own.

The FOMC held rates steady at the conclusion of its meeting Wednesday and offered no hints regarding a September move.

Oregon Gov. Tina Kotek signed the legislation expected to raise $40 million annually.

Lincoln's City Council unanimously passed three ordinances on Monday paving the way for the bond-financed construction of a new central public library building.

The muni market has "cheapened and steepened," which is a great opportunity for people still on the sidelines to get into the market again, said Jennifer Johnston, director of municipal bonds research at Franklin Templeton.

The Senate Committee on Appropriations released its version of the Transportation Housing and Urban Development and Related Agencies Act which contains more money for the public transit than the House version.

The agency cited the permanent raise to the rum tax cover for the improved outlook.

School districts are facing many challenges, including less federal funding, increased competition, declining enrollment and inflating costs.

The city council signed off on an $810 million debt sale, while it considers asking voters for a property tax rate increase this year to address budget gaps.

An investor presentation highlights industry conferences and consulting services that "have made the CIA the 'think tank' of the food service industry."

The asset class got a "much-needed boost" from inflows into muni mutual funds last week, said Birch Creek strategists.

The port, which operates Seattle-Tacoma International Airport, received a Moody's Ratings upgrade ahead of a $761 million revenue bond deal slated for next week.

Although the Federal Reserve is not expected to cut rates at this meeting, the market is closely watching for signs of a September easing and how the divide among officials plays out.

The funds have net assets of around $187 million.

Issuance for the week of July 28 is estimated at $11.035 billion, with $9.018 billion of negotiated deals and $2.017 billion of competitive deals on tap, according to LSEG.

Damage claims from the Eaton wildfire could wipe out the $21 billion fund created to protect utilities and their customers when an investor-owned utility's equipment is deemed responsible.

Investors are watching an Aug. 13 refinancing on $985 million of bonds for proposed commuter line projects with southern Florida counties.