Market Intelligence analyst Jeff Lipton explains why proposals targeting wealth, property, and income taxes matter for municipal credit, and outlines what investors should watch in revenue replacement capacity, reserves, political willingness, and legal security structures.
The National League of Cities rolled out the results of an infrastructure survey showing less reliance on municipal bonds and a move towards cash-based funding.
The SEC is now focused on "quality of cases versus quantity," the SEC chairman said during a discussion held as part of the 2026 FINRA Annual Conference.
* Trump's filings show $220M-$750M in trades across major US companies and municipal bonds. * Trump Org says investments managed by third parties, with no family involvement in decision. By Jarrett Renshaw, Lawrence Delevingne and Tom Bergin.
New research from The Bond Buyer finds reductions in federal funding stand to drastically impact healthcare, local/state governments and other sectors.
KBRA assigns a long-term rating of AAA to the Tri-County Metropolitan Transportation District of Oregon's Senior Lien Payroll Tax Revenue Bonds, Series 2026A. To access ratings and relevant documents, click here. Click here to view the report.
A federal judge ruled Cook County, Illinois, is liable for contitutional violations of homeowners' rights by stripping them of equity in delinquent tax sales.
Although muni valuations became "less compelling" in April from March's highs, Pat Haskell wrote for BlackRock (BLK), technical conditions "are likely to provide a degree of support in the months ahead."
"If successful in its motion, the trustee will harm not only patients, but also likely completely devalue all the bondholders' investments," Crossroads Health Management LLC said in a court filing.
As SMAs have garnered attention, they shifted demand further down the yield curve into one- to five- or one- to 10-year area, though SMAs go out 15 or 20 years.
KBRA assigns a long-term rating of AA to the Triborough Bridge and Tunnel Authority General Revenue Bonds, Series 2026A consisting of General Revenue Bonds, Subseries 2026A-1 and General Revenue Refunding Bonds, Subseries A-2.
The Bond Buyer will honor a fifth class of inductees into its Hall of Fame of municipal finance, alongside its 11th annual class of Rising Stars, at the close of its Infrastructure event in Chicago on September 15.
KBRA assigns the long-term ratings on the following Clark County, NV Bonds: KBRA additionally affirms the long-term ratings on the following Clark County, NV Bonds and Notes: The Outlook on all ratings is Stable.
The collapse of Sprit Airlines spills into the South Jersey Transportation Authority as Fitch Ratings places its revenue bonds onto a negative watch status.
The constitutionality of a state law that threatens outstanding bonds issued for a detention facility is being challenged by the U.S. Department of Justice.
New findings from The Bond Buyer show that outside of advisors and broker-dealers, appetites for risk decreased to a greater degree than they increased.
The mayor's plan to balance the fiscal 2027 budget relies heavily on proposed revenue-raising moves involving the combined utility system enterprise fund.
Casella Waste Systems, Inc. (CWST), a regional solid waste, recycling and resource management services company, today announced that it has commenced the remarketing of $15.0 million aggregate principal amount of New York State Environmental Facilities Corporation Solid Waste Disposal Revenue Bonds Series 2014R-2.
The Trump administration and the National Links Trust announced a deal over the weekend that will keep Washington, D.C.'s three municipal golf courses open, ending a heated standoff between the sides.
Munis should do "relatively well" this month, as investors will "focus on heavy summer redemptions; tax-exempt supply should remain healthy but is unlikely to overwhelm," said Barclays (BCS) strategists.
Market Intelligence analyst Jeff Lipton distinguishes impairment from default in unenhanced conduit multifamily credits and explains how occupancy declines, covenant breaches and reserve draws can trigger severe price discovery long before a payment miss occurs.
"The rates market has started to turn from the upper end of the trading range this week," Barclays (BCS) strategists wrote, but with the war with Iran still driving the market, nothing is certain.
KBRA assigns a long-term rating of AA+ to the Harris County Hospital District's, TX Series 2026, Limited Tax and Refunding Bonds. Key Credit Considerations The rating actions reflect the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade. To access ratings and relevant documents, click here.
Nearly 21% of muni volume traded electronically in the first quarter, up from the previous quarter and surpassing the previous record set in the fourth quarter of 2023, according to a Coalition Greenwich report by Kevin McPartland and Neha Jain.
Mayor Karen Bass introduced a multi-year comprehensive plan, saying it is a first for a city that for too long had a fragmented approach to infrastructure.
Munis and U.S. Treasuries have been more reactive to geopolitical news than to economic data that traditionally moves the market, according to MMA's Kevin McGuigan.
FEMA reform has stopped and started on Capitol Hill as local governments welcome a rule requiring the agency to build a dashboard to track the flow of disaster recovery funds.
The rating agency cited an improving governance profile, which incorporates a trend of budgetary reserve fund maintenance and increasing pension contributions.
"MSRB's strategic plan was shaped by the many conversations we've had with stakeholders from across the municipal securities market," MSRB CEO Mark Kim said.
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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