Next year, the "muni market could see stable to improving returns depending on yield curve positioning, with better performance possible at the long end of the curve," said Jonathan Rocafort, managing director and head of fixed income solutions at Parametric.
Three Siebert Williams Shank & Co. clients have been honored with the Bond Buyer?s 2025 Deal of the Year designation, a prestigious annual honor recognizing outstanding achievements in municipal finance across the country.
The creation of state-owned banks would be uniquely impactful to help states and municipalities meet today's unprecedented short- and long-term challenges.
Multiple municipal bond offerings this week have a high exposure to climate risk, specifically high Flood and Wildfire Scores, according to ICE Climate Data. A $5 million offering from Augusta Independent School District, Ky., records a Flood Score of 4.3 out of 5.0, ICE reports.
"The steps that would be necessary to restore a sound fiscal profile are becoming increasingly drastic," the rating agency said in downgrading Jersey City.
The Trump administration officially rolled out an Executive Order laying out federal policy on Artificial Intelligence which cements fears from states worried about the loss of broadband funding tied to the Bipartisan Infrastructure Law.
A review Moody's launched in September ended with rating downgrades and negative outlooks for the city's outstanding general obligation and revenue bonds.
Pasadena and the Rose Bowl Operating Co. are suing UCLA, saying plans to relocate football games to SoFi stadium could jeopardize $130 million in revenue bonds.
"With its third straight rate cut, the Fed is sending a clear message: it's no longer just watching inflation ? it's managing risk," said Gina Bolvin, president of Bolvin Wealth Management Group.
As more states weigh legislative action to decouple from the provisions of One Big Beautiful Bill Act, Treasury Secretary Scott Bessent launches an outreach mission to counter what he calls, a "blatant act of political obstructionism," that will lead to higher state taxes.
The changing climate is increasing insurance rates for residents and cities and lowering property values in areas that face more frequent and intense disasters.
Muni yields were little changed, and have barely moved over the past several trading sessions, said Kim Olsan, senior fixed income portfolio manager at NewSquare.
J.P. Morgan Asset Management is about to engage in some serious product renovation, announcing plans to turn four U.S. mutual funds into ETFs next year. These proposed conversions represent approximately $4.6 billion in assets as of Oct 31, and encompass municipal bond, preferred securities, and equity strategies-what the firm describes as ideal ETF candidates.
State legislators are prepping for a coming storm of budget turmoil caused by shifting Medicaid policy as the era of historic tax cuts appears to be ending.
Municipal bond supply projections for next year range from a high of $750-plus billion to a low of $520 billion, with most firms expecting issuance to hover around $600 billion, easily surpassing 2025's record.
While muni returns moved lower last week, year-to-date returns still hover around 4%, said Jason Wong, vice president of municipals at AmeriVet Securities.
CHICAGO, Dec. 9, 2025 Ziegler, a specialty investment bank, is pleased to announce the successful pricing of Beacon Hill at Eastgate's $175,000,000 Series 2025 Bonds through the Economic Development Corporation of the City of Grand Rapids.
Market Intelligence analyst Jeff Lipton finds that low debt burdens, stronger rainy-day funds, improved pension metrics and robust legal safeguards help states remain a core source of stability and diversification for muni portfolios despite slowing growth and fiscal headwinds.
JPMorgan Chase's (JPM) investment management division JPMorgan Asset Management is looking to convert two municipal-bond mutual funds with over $840 million of assets into exchange-traded funds in 2026, Bloomberg reported Tuesday, citing a filing.
KBRA assigns a short-term rating of K1+ to Cobb County School District, Georgia's Short-Term Construction Notes, Series 2026, due December 15, 2026. Additionally, KBRA affirms the short-term rating of K1+ on the District's Short-Term Construction Notes, Series 2025 due December 15, 2025, and the long-term rating of AAA with a Stable Outlook for the District's Implied General Obligation Credit.
Legislation to increase the affordable housing supply which often includes bond sales is getting attention in Congress as the bipartisan ROAD to Housing Act hits a speed bump.
"Ultimately, this report is essential because member firm compliance protects investors and safeguards the integrity of our markets," FINRA's Greg Ruppert said.
Issuers mostly avoided pricing deals in the previous weeks the Fed met this year, but that's not the case this week, said Pat Luby, head of municipal strategy at CreditSights, and Wilson Lees, an analyst at the firm.
This is the first upgrade of bonds supported by assets currently or formerly in the Puerto Rico government's hands since the passage of PROMESA in 2016.
Multiple municipal bond offerings this week have a high exposure to climate risk, specifically high Flood and Wildfire Scores, according to ICE Climate Data. A $6 million offering from Somers Point City School District, N.J., records a Flood Score of 4.7 out of 5.0, ICE reports.
Investors are about to get a chance to buy bitcoin-backed municipal bonds. It won't be the last, according to the team behind the New Hampshire-based deal.
The Trump administration is requesting information on revitalizing Dulles International Airport, including the possibility of tapping a public-private partnership.
C. Christopher Trower was the lead attorney before the Supreme Court in a case that upheld states' rights to preferential tax treatment of their own bonds.
The Regents of the University of California will sell $2 billion of bonds next week after yanking a $1.5 billion summer deal amid Trump administration threats.
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of ?a-? of Kansas City Life Insurance Company [OTCQX: KCLI]. At the same time, AM Best downgraded the FSR to B+ from B++ and the Long-Term ICR to ?bbb-? from ?bbb? of Grange Life Insurance Company.?The outlook of these Credit Ratings is negative.
Robust issuance this year has contributed to muni underperformance relative to other asset classes, but it also has "improved after-tax relative value for investors in higher tax brackets," said Sam Weitzman of Western Asset.
CHICAGO, Dec. 4, 2025 Ziegler is pleased to announce the successful closing of The United Methodist Retirement Homes $92,125,000 Series 2025A, 2025B and 2025C Bonds.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
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