"The bond market breathed a sigh of relief this morning as the CPI inflation numbers came in a tad weaker than expected," said John Kerschner, global head of securitised products and portfolio manager at Janus Henderson Investors.
Maryland is currently battling federal job losses and string of financial challenges but is starting the new year with a new triple-A rating on its general obligation bonds complete with a stable outlook.
Despite the quiet start to the week for munis, all financial markets may feel a "heightened level of risk for rate volatility over the next few days," said Tim Iltz, a fixed income credit and market analyst at HJ Sims.
Virginia Governor-elect Abigail Spanberger begins assembling her finance team by keeping the state's treasurer in place and naming Delegate Mark D. Sickles to serve as Virginia's next Secretary of Finance.
New York's governor and mayor called Manhattan's cordon toll a success on its first anniversary, but congestion pricing has not cleared all legal hurdles.
"With decent job growth in December and a downtick in the federal funds rate, the Federal Reserve will likely hold the federal funds rate steady at [its] next decision in late January," said Comerica Bank Chief Economist Bill Adams.
Attorneys and lawmakers are working through questions from clients and water authorities about finalized drinking water rules by the EPA regarding "forever chemicals."
The platform uses AI to provide users with an analysis of any municipal bond issuer by centralizing all data and delivering easy-to-understand results instantly, its developer said.
In this third of a three-part 2026 municipal bond outlook series, Market Intelligence analyst Jeff Lipton explains how another year of heavy supply, surging ETF and SMA assets, climate and cyber risk, and growing use of bond insurance will drive muni market structure and strategy for both sell-side and buy-side stakeholders.
Bank of America (BAC) and Wells Fargo (WFC) will lead underwriting for $1.8 billion of sales tax and revenue bonds issued through the Kansas Development Finance Authority.
The Nashville Metropolitan Airport Authority is issuing municipal bonds to finance upgrades to an airport bulging at the seams after rapid traffic growth.
Surprisingly, the expected surge in net supply last year did not elicit a major repricing in the muni market, said Pat Luby, head of municipal strategy at CreditSights.
University Park joined four other cities in placing measures on the May 2 ballot asking voters to decide whether to withdraw from Dallas Area Rapid Transit.
Platte County, Missouri, formally withdraws from public financing of a shopping center that sparked court battles after its sales tax revenues began to falter.
Market Intelligence analyst Jeff Lipton, in the second installment of his three-part 2026 outlook series, maps out quality-centric portfolio shifts, barbell and long-end strategies, and sector tilts across hospitals, higher education and housing as record supply and net inflows drive the muni market.
These moves come as Huntington Securities and Capstone Partners, both subsidiaries of Huntington Bancshares Inc. (HBAN), finished their acquisition of three business units from Janney's capital markets division.
The National Association of State Treasurers officially announced new leadership for 2026, including new president Michigan State Treasurer Rachael Eubanks.
In the first of his three-part 2026 municipal outlook series, Market Intelligence analyst Jeff Lipton forecasts for sub-5% returns, continued demand, possibly more curve steepening as the Fed eases slowly, the economy skirts recession, and AI, tariffs and midterm politics potentially reshaping risks across public finance sectors.
Improved risk sentiment after the capture of Venezuelan President Nicol?s Maduro helped pull investors into all markets and munis are a "beneficiary" of that shift, said James Pruskowski, an investor and market strategist.
Kutak Rock is promoting several members of their public finance and tax teams as part of a move that sees 28 attorneys move into partnership roles in eleven offices.
Minneapolis Federal Reserve President Neel Kashkari said on CNBC that both sides of the central bank's dual mandate show signs of imbalance, with the labor market appearing more vulnerable.
With the muni calendar "heating up" ahead of another projected year of record issuance, Jeff Lipton, The Bond Buyer's market intelligence strategist, expects "investor demand to comfortably digest the new supply given reinvestment needs and compelling yield and income opportunities."
Some industry observers are expecting a continuing rise in public private partnerships as the total value of infrastructure assets under management is up.
A three-judge panel said the department could not prove the project was a modification of the existing infrastructure, which would have given it the authority to issue 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.
Log In Required
Publication Date