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.
Four deals were on the day-to-day calendar, "playing it close to the vest, and all of a sudden, boom, they all get done," said Pat Luby, head of municipal strategy at CreditSights.
Muni bond issuers cut their median audit times from 2023 to 2024, with issuers in all governmental bond and most revenue bond sectors reducing audit timelines.
Multiple municipal bond offerings this week have a high exposure to climate risk, specifically high Flood Risk and Hurricane Risk Scores, according to ICE Climate Data. A $7 million offering from Ellicottville Central School District, N.Y., records a Flood Risk Score of 5.0 out of 5.0, ICE reports.
While the city projects a water emergency, capital costs in the state's latest water plan skyrocket and demand exceeds capacity in a state financing program.
Issuance continues to drive performance in the muni market. Despite Friday's run-up in USTs, muni yields adjusted "less dramatically," said Ajay Thomas, head of public finance at FHN Financial.
Illinois Comptroller Susana Mendoza announced her candidacy for mayor of Chicago last week, pledging "to respect the taxpayer dollar and stretch its value."
The House Appropriations Committee approved the fiscal year 2027 Transportation, Housing and Urban Development and Related Agencies last week by a vote of 34 to 27.
The $1.2 billion deal, issued by the California Community Choice Financing Authority and underwritten by Goldman Sachs (GS), saw Alphabet as its funding recipient.
While muni primary supply falls this week, it is still robust. Issuance is an estimated $11.541 billion this week, with $8.501 billion of negotiated deals on tap, according to LSEG.
Alphabet's first foray into the municipal bond market drew robust investor demand, with bonds trading at tighter spreads in the secondary market following their initial pricing, Bloomberg reported Friday.
The muni market's strong performance in May and so far in June has been in line with historical trends, Mikhail Foux wrote for Barclays (BCS) ? but historical trends suggest the market will lose steam soon as supply builds.
The letter from officials in Democrat strongholds asked the rating agencies to maintain their focus on financial analytics in viewing energy-dependence, rather than being swayed by the political winds.
"My 10 years at Academy Securities building out the municipal platform while mentoring military veterans has been the highlight of my career," Kolman said.
The rating agency gave the city a negative outlook in November 2024, following voter approval of a ballot measure requiring more public safety funding.
As budget reconciliation finally moves past the Senate, Aggie bond advocates are reintroducing the Modernizing Agricultural and Manufacturing Bonds Act.
Market Intelligence analyst Jeff Lipton recaps May's muni outperformance versus Treasuries and broad fixed income, highlighting how carry, reinvestment demand and spread compression drove strong returns and helped A3 and Baa credits lead the market.
"On a broad level, sentiment appears to reflect long-range optimism, though with some expected bumps along the way," NewSquare Capital's Kim Olsan wrote.
The bond parties want the U.S. Court of Appeals for the First Circuit in Boston to overturn the U.S. District Court's rulings on their efforts to gain control of PREPA.
Blockchain-based tokenization could modernize muni market infrastructure by compressing settlement timelines, automating coupon and redemption workflows, and creating a shared, immutable ownership and compliance record.
AM Best has assigned a Financial Strength Rating of B and a Long-Term Issuer Credit Rating of ?bb+? to Insurance Company Alatau City Garant JSC. The ratings reflect Alatau?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and marginal enterprise risk management.
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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