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), closed-end investment management companies, will continue to steward the Funds, according to certified voting results of the Funds? annual stockholders meetings held on June 11, 2026.
There wasn't any one factor driving the muni market's weaker performance, FHN's Ajay Thomas said. But investors had a lot of deals from which to choose.
The potential timing for a water supply emergency, which had been projected for December, was pushed nine months into the future with the help of rainfall.
"It's hard to know whether a decrease in enforcement is a statistical blip or early evidence of [a] meeker, milder FINRA in the current era," said Benjamin Edwards, an associate dean at UNLV law school.
?Bernardi Securities, Inc. released a white paper introducing the Environmental Risk Index, a tool that scores all 3,147 U.S. counties on natural disaster risk. Average annual disaster costs have grown roughly 3.60%-6.10% per year since 2005, above the 2.40% rate of inflation. Florida leads the nation in environmental risk, followed by Oklahoma, Arizona, California, and Hawaii.
While technology has lowered entry minimums, making it more accessible to all types of investors, the client base for SMAs primarily consists of high-net-worth individuals.
Multiple municipal bond offerings this week have a high exposure to climate risk, specifically high wildfire and flood risk scores, according to ICE Climate Data. A $66 million offering from Dublin Unified School District, California, records a wildfire risk score of 2.9 out of 5.0, ICE reported.
Market Intelligence analyst Jeff Lipton explains why constrained state budgets should not be mistaken for broad credit deterioration, pointing to rainy-day funds, revenue diversity, low debt burdens and strong debt-service protections as key stabilizers.
The Commonwealth Transportation Board in Virginia rolled out a $28.5 billion, six-year transportation infrastructure improvement plan that covers roads, bridges, rail, and more.
Investors are hesitant to welcome the concept of AI, which could predict rare muni defaults. Companies specializing in predictive AI for munis believe they'll be able to win over investors.
The College of the Holy Cross, enjoying rising student demand in a time when other private schools are struggling, will take out variable-rate and taxable debt.
Cameron Hamilton, the current nominee to head up the Federal Emergency Management Agency, responded to accusations of political bias during a Senate hearing on Wednesday.
"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.
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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