June redemptions are $44.4 billion. July and August will see $37.7 billion and $38.4 billion returned, respectively, said Pat Luby, head of municipal strategy at CreditSights.
KANSAS CITY, Mo., May 28, 2026 American Century Investments, a $330 billion global asset manager*, expands its exchange traded fund platform with the launch of American Century Securitized Credit ETF, an actively-managed solution designed to complement core bond allocations with diversification benefits.
Market Intelligence analyst Jeff Lipton explains why energy prepays have become a popular SMA allocation for yield and diversification, while warning that financial institution counterparty concerns and "guilt-by-association" bank headlines can still trigger episodic spread widening.
The muni market's gains are likely a continuation of Tuesday, Charles Schwab's Cooper Howard said, but markets could turn sour after personal consumption expenditures data is released Thursday.
KBRA assigns a long-term rating of AA with a Stable Outlook to the State of Louisiana General Obligation Refunding Bonds, Series 2026-B. Key Credit Considerations The rating action reflects the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade. To access ratings and relevant documents, click here.
Issuers are watching Washington D.C. gearing up for a water bill reauthorization, along with decisions on state revolving funds, appropriation levels and the future of WIFIA.
Casella Waste Systems, Inc. (CWST), a regional solid waste, recycling and resource management services company, today announced that it has priced the previously announced remarketing of $15.0 million aggregate principal amount of New York State Environmental Facilities Corporation Solid Waste Disposal Revenue Bonds Series 2014R-2.
BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) and BNY Mellon Strategic Municipals, Inc. (LEO) have declared a monthly distribution for each Fund's common shares as summarized below. Important Information BNY Mellon Investment Adviser, Inc., the investment adviser for each Fund, is part of BNY Investments.
Municipal finance professionals surveyed by The Bond Buyer said unrealistic revenue projections were the top driver of problems for public-private partnership deals.
KBRA assigns preliminary ratings to five serial bonds and one term bond issued by New York State Energy Research and Development Authority Residential Clean Energy and Energy Efficiency Financing Green Revenue Bonds, Series 2026A, a $47.59 million asset-backed securitization collateralized by residential solar loans and home improvement loans originated by New York State Energy Research and Dev...
Multiple municipal bond offerings this week have a high exposure to climate risk, specifically high Flood and Wildfire Scores, according to ICE Climate Data. An $8 million offering from Northern Potter School District, Pa., records a Flood Risk Score of 5.0 out of 5.0, ICE reports.
Ormonde said a significant portion of his practice will remain focused on California tax matters even as he works with colleagues across the firm's SALT team.
New data from The Bond Buyer finds more than half of respondents agreed that private sector partners stand to benefit the most from the increased use of P3s.
Actions this legislative session include a ballot measure to tighten caps on property assessment growth and allowing bond issuance for charter schools.
KBRA assigns a long-term AA- rating to Miami-Dade County, Florida, Aviation Revenue Refunding Bonds, Series 2026A and Aviation Revenue Refunding Bonds Series 2026B issued for Miami International Airport.
The market has seen a trend of "happy endings to each week, disappointing Mondays," according to James Pruskowski, managing director at Hennion & Walsh.
"We're going to have some weak days, we're going to have some stronger days, maybe they wash out against each other," said Kim Olsan, senior fixed income portfolio manager at NewSquare Capital.
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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