With the "fragile" ceasefire in the United States-Iran conflict underway, the risk of higher rates beyond those from March has largely been removed, said BofA strategists.
Less than two weeks after Washington Gov. Bob Ferguson signed a new tax on annual income over $1 million, a lawsuit has been filed seeking to overturn it.
During the two-week ceasefire anything could still happen and a "blow up" would create significant volatility, said Kevin McGuigan, director at Municipal Market Analytics.
Realty Income (O), a real estate investment trust concentrated in low-risk retail and industrial real estate, was the funding recipient on the $675 million deal.
Litigants say $400 million in planned Port of South Louisiana bonds were not properly advertised. It's part of a wider challenge to industrial development plans.
KBRA assigns a long-term rating of AA+ to the City of New York Taxable General Obligation Bonds, Fiscal 2026 Series H, Subseries H-1. Concurrently, KBRA affirms the long-term rating of AA+ with a Negative Outlook on outstanding City of New York General Obligation Bonds. Key Credit Considerations Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade.
KBRA assigns a long-term rating of AAA to the San Diego Unified School District: 2026 General Obligation Refunding Bonds; 2026 General Obligation Refunding Bonds; 2026 General Obligation Refunding Bonds; and, 2026 General Obligation Refunding Bonds. Key Credit Considerations The rating actions reflect the following key credit considerations: Credit Positives. Credit Challenges.
"It seemed to be a relief rally [Wednesday], and that's what everyone's hoping for. But fundamentally, they're still major issues that need to be addressed, but people seem to be giving that a pass," on Wednesday, said a source.
Market Intelligence analyst Jeff Lipton looks back on a first quarter in which the municipal bond market was unexpectedly buffeted by the winds of war.
KBRA revised the outlook on the Chicago Transit Authority's Series 2015 and 2016 Transportation Infrastructure Finance and Innovation Act loans to stable.
Financial mismanagement and apparent revenue diversion led to events of default for centers owned by and financed through the PFA, the bond trustee said.
The legislature passed bills to cut personal income tax rates over time and limit increases on homestead property tax payments to the rate of inflation.
KBRA assigns a long-term rating of AA- to the City of Atlanta Water and Wastewater Subordinate Lien Revenue Refunding Bonds, Series 2026. The long-term rating reflects the experienced management profile, formalized financial and debt policies, and disciplined multi-year budgeting and capital planning practices of the City of Atlanta Department of Watershed Management.
Financial markets, including the muni market, priced in too much of a "sure thing, done deal" Wednesday morning, said Kyle Gerberding, director of trading, a portfolio manager and partner at Asset Preservation Advisors.
CHICAGO, April 8, 2026 Ziegler is pleased to announce the successful closing of Presbyterian Living's $32,220,000 Series 2026A Bonds issued through the Illinois Finance Authority. Presbyterian Living is an Illinois 501 not-for-profit corporation that has served older adults in the Chicago metropolitan area since 1904.
The state Supreme Court's decision did not address the 2022 law's governmental contract ban for businesses deemed to be "boycotting" the fossil fuel industry.
"I would much rather invest in the muni, both in terms of default rates and in terms of the yield that you're getting off of those," said Travis Lower.
Wednesday's market rally is tied to President Donald Trump's announcement of the temporary ceasefire, which came about Tuesday night, an hour and a half before the president's 8 p.m. deadline, market participants said.
As Congress returns to Washington in the next few weeks thoughts will turn to a problematic reconciliation bill, a housing bill close to completion and a farm bill facing serious challenges.
"The steady tone talks to the underlying demand" for munis, NewSquare Capital's Kim Olsan said. "For the moment, munis are holding steady with a watchful approach.
CHICAGO, April 7, 2026 ?Ziegler, a specialty investment bank, is pleased to announce the successful closing of Mennonite Village's $86,215,000 Series 2026AB Bonds through the Hospital Facility Authority of the City of Albany, Oregon.
Illinois curently plans $3.2 billion of bond sales in FY2027 under Gov. JB Pritzker's executive budget, the Commission on Government Forecasting and Accountability said, adding additional authorization requests are expected.
The California Municipal Finance Authority will issue $742 million in tax-exempt debt for the San Francisco Municipal Transportation Agency's first P3.
Market Intelligence analyst Jeff Lipton details some tools he finds useful to manage risk exposure, establish market trends and identify opportunities.
Multiple municipal bond offerings this week have a high exposure to climate risk, specifically high Wildfire and Flood Scores, according to ICE Climate Data. A $5 million offering from Pine-Strawberry Fire District, Ariz., records a Wildfire Score of 5.0 out of 5.0, ICE reports.
The state's latest water plan outlines $174 billion of capital water needs over the next 50 years. "The era of cheaper water is over," said one state water official.
KBRA assigns a long-term AAA rating to Metropolitan Transit Authority of Harris County, Texas Sales and Use Tax Contractual Obligations, Series 2026. Sales and Use Tax Contractual obligations are secured on parity by a gross lien pledge of 75% of receipts from a voter-authorized 1% sales and use tax collected on taxable transactions within the County service area.
The yield curve adjusted lower every day last week, drawing strong inquiries to dealers, "especially in the 10-to-15-year space that had been hit hardest in March," Birch Creek Capital analysts noted in their weekly market commentary.
CHICAGO, April 6, 2026 Ziegler, a specialty investment bank, is pleased to announce the successful closing of Odd Fellows Home of California's $101,745,000 Series 2026AB Bonds through the California Statewide Communities Development Authority.
"Historically, the weeks leading up to the April 15 tax day have been challenging for the municipal market, often due to weaker supply and demand dynamics," said Sam Weitzman, a product manager at Western Asset.
President Trump's budget proposal for fiscal year 2027 includes $1.5 trillion for the military, while cutting FEMA's budget, privatizing the TSA, and increasing transportation funding.
BNY Mellon Municipal Bond
Infrastructure Fund Inc (DMB): * BNY MELLON MUNICIPAL BOND INFRASTRUCTURE FUND, INC. ANNOUNCES DISTRIBUTION Source text: Further company coverage:
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) today announced a distribution of $0.0420 per share of common stock, payable on May 1, 2026 to shareholders of record at the close of business on April 17, 2026. The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on its projected performance.
Munis saw small gains Thursday, continuing the slight turnaround in sentiment the market has seen this week, with muni yields seeing modest bumps each day, said Jeremy Holtz, a portfolio manager at Income Research + Management.
LONGWOOD, Fla. The Bonds, which bear a 4.50% coupon for an approximately six-year fixed term interest rate period, will mature on July 1, 2032 and are guaranteed by certain subsidiaries of Waste Pro, pursuant to the terms of the indenture relating to the Bonds.
Judge Laura Taylor Swain is allowing the continued examination of a count in which a trustee is challenging fees, and some proceeds, of pre-bankruptcy bonds.
Wednesday saw the third consecutive day of falling muni yields, suggesting the market is recovering from last week's selloff. The market is well-positioned for "a strong snapback," according to James Pruskowski, managing director at Hennion & Walsh Asset Management.
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.
Log In Required
Publication Date