Washington

Household ownership of munis — which includes direct ownership of individual bonds in brokerage accounts, fee-based advisory accounts and SMAs — rose to $1.779 trillion, up 0.3% from Q4 2023 and from 5.6% in Q1 2023.

"It is important to remember that as long as the Fed's next move is to lower policy rates, bonds will do well," said Jack McIntyre, portfolio manager at Brandywine Global. "The employment market is in better balance, which is very important for the Fed — even more than inflation."

"We will remain cautious until CPI and the FOMC are in the rear-view mirror and as long as these don't catalyze a sell-off (since that would trigger outflows) or catalyze a sharp rally (as municipals lag rates during a sharp rally and ratios can increase optically) ... " said Vikram Rai, head of municipal markets strategy at Wells Fargo.

New rules finalized by the Securities and Exchange Commission aim to bring dealer supervision up to the new standards of remote work but only address part of the problem

Darren Olson of the American Society of Civil Engineers joins to discuss the importance of resilient infrastructure and the impact of federal funding on America's future.

With no change in rates expected, analysts are interested in the dot plot and Fed Chair Jerome Powell's press conference.

Many issuers are trying to understand rating agency methodology changes that could affect more than a third of them.

Restoring tax-exempt advance-refunding remains a top legislative priority.

The use of unregistered municipal advisors in the public-private partnership sector can lead to unnecessarily expensive deals for cities and states, said SEC's Dave Sanchez.

Dual threats of lawsuits and loss of investors loom over calling the bonds.