"The upgrade recognizes two important factors: the strong operating performance of Vogtle Units 3 and 4 since entering commercial service and the strength of the project's contractual framework," said Ernest Libershteyn, MEAG director of finance and treasury.
Hudbay Minerals (HBM) said Wednesday it has priced an offering of $52 million in 4.50% solid waste disposal revenue bonds for the Copper World project. The Arizona Industrial Development Authority will issue the bonds with an initial mandatory tender date of July 2, 2036, the company said.
Hudbay Minerals Inc (HBM): * HUDBAY ANNOUNCES PRICING FOR US$52 MILLION OF MUNICIPAL BONDS FOR COPPER WORLD AT 4.50% * HUDBAY MINERALS (HBM) - PROCEEDS TO FINANCE ELIGIBLE EXPENDITURES AT COPPER WORLD PROJECT IN ARIZONA Source text: Further company coverage:
Hudbay Minerals Inc. (HBM) today announced the pricing of an offering of US$52 million in aggregate principal amount of 4.50% Arizona Industrial Development Authority Solid Waste Disposal Revenue Bonds Series 2026A. The Copper World Bonds transaction is expected to close on June 24, 2026, subject to customary closing conditions.
Market Intelligence analyst Jeff Lipton breaks down how security selection, sector allocation, curve positioning and carry can generate excess returns in high-yield munis, while warning that weak cash flow, a lack of economic viability, limited liquidity and thin disclosure can quickly undermine value.
Alexandria, Va. is moving forward with a $155 million plan to convert a former power plant into a 2.5 million square feet development by leveraging tax increment financing and bond sales.
Some shops have opted to build their own pricing systems, which provide customization and competitive advantages, although they carry hidden costs. Others have decided to buy to save time, upfront costs and get best built-in practices.
Kansas City, Missouri, is weighing $235 million in special obligation bonds to help fund the $1.4 billion expansion of the KC Current's two-year-old stadium.
BNY Mellon Strategic Municipal Bond Fund
Inc (DSM): * BNY MELLON INVESTMENT ADVISER - INCUMBENT BOARD NOMINEES FOR LEO AND DSM TO CONTINUE AFTER 2026 STOCKHOLDER VOTE Source text: Further company coverage:
BNY Mellon Investment Adviser, Inc. announced today that the three incumbent Board nominees for each of BNY Mellon Strategic Municipals, Inc. (LEO) and BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) will continue to steward the Funds, according to preliminary voting results of the Funds? annual stockholders meetings held on June 11, 2026.
The latest update for the project at the Southwest Airlines (LUV) hub showed an estimated $2.54 billion price tag and plans to issue general airport revenue bonds.
As the Trump administration touts an end to the Iran war and the eventual opening of the Strait of Hormuz, oil prices are dropping which may push muni yields down and fuel demand.
"I think generally there is an over-emphasis placed on the takedown at the expense of considering the overall cost of the transaction," Nikolai Sklaroff, capital finance director at the San Francisco Public Utilities Commission, said.
KBRA assigns a long-term rating of AAA to the Massachusetts Bay Transportation Authority Senior Sales Tax Bonds, 2026 Series A and affirms the long-term ratings of AAA for the Authority's outstanding Senior Sales Tax Bonds and AA+ for the Authority's outstanding Subordinated Sales Tax Bonds.
After the DOT "expedited" a $25 million investment in the train, Q1 trespassing incidents and collisions on Brightline Florida fell 30% year-over-year, the office said.
Hospitals, universities and transit agencies are among the issuers that would face heightened uncertainty around federal funding if the rule is enacted.
Market Intelligence analyst Jeff Lipton maps where credit remains stable and where caution is warranted in his mid-year scorecard, flagging pressure points in higher education, K-12, tobacco and parts of local government while outlining the structural strengths supporting states, airports and other essential-service sectors.
Blockchain-based technology is coming for munis. Despite the market's slow crawl towards modernization, backers believe that the transition is inevitable.
There has been some "capitulation" in munis lately. The asset class was outperforming USTs until very recently, said Chris Brigati, managing director and CIO at SWBC.
KBRA assigns a long-term rating of A- with a Stable Outlook to the City of Columbia, TN Long Term Water Supply Program Project Bonds. Key Credit Considerations The rating was assigned because of the following key credit considerations: Credit Positives. Credit Negatives. Rating Sensitivities For Upgrade. For Downgrade. To access ratings and relevant documents, click here.
After the latest cyberattack struck a K-12 school system, rating agencies and muni market participants warned of an evolving risk to school district issuers.
Transit authorities around the country are bracing for upticks in ridership and revenue thanks to the World Cup as negotiations over surface transportation authorization linger in the background.
Market Intelligence analyst Jeff Lipton explains how California Mello-Roos land-secured bonds can add yield and diversification, and outlines the underwriting checklist investors should use to balance development risk against structural protections.
The public power sector is reacting with concern about the ongoing efforts to reorganize the Federal Emergency Management Agency that's proposing shifting risk and disaster recovery costs onto local utilities.
Riverside Unified School District scrapped plans to develop a STEM center with the local University of California campus amid a critical state audit report.
The initial reaction following the CPI report didn't "move the needle" in the bond market, as the 10-year UST yield was just over 4.5%, said Jay Woods, chief market strategist at Freedom Capital Markets.
New Treasury BulletShares ETFs complement Invesco's (IVZ) investment grade corporate, high yield corporate and municipal bond BulletShares offerings, further strengthening Invesco's (IVZ) defined maturity ETF lineup ATLANTA, June 10, 2026 /PRNewswire/ -- Invesco Ltd. (IVZ), a leading global asset management firm, today announced the launch of BulletShares? Treasury Bond ETFs, marking a significant expansion of ...
BNY Mellon Investment Adviser, Inc. announced today that proxy advisory firms Institutional Shareholder Services and Glass Lewis have recommended that stockholders of BNY Mellon Strategic Municipals, Inc. (LEO) and BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) vote in favor of each Fund?s three incumbent nominees on the WHITE proxy card ahead of the Funds? annual stockholders meetings on June 11, 2026.
Volume was robust last week, with a nearly $20 billion new-issue calendar, and while supply dips to $13 billion this week, it will end up higher thanks to four sizable prepay energy deals that priced on Monday and Tuesday.
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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