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Municipal supply is set to top $14 billion next week, a high not seen in almost seven years, just as yields have hit year-to-date highs and relative value has improved. While participants expect some pressure ahead in the near-term, they also say the current yield and ratio set offers investors opportunity. The hefty primary next

On Tuesday, Moody’s changed its outlook on Maryland’s credit rating to negative from stable due to a depletion of the state’s general fund surplus, while affirming the state’s issuer and general obligation bond ratings at Aaa. The Maryland State Treasurer’s office isn’t showing a lot of concern.  “After hosting a successful briefing with all three

Oregon economists in their June forecast predicted a 50-50 chance the state’s residents will receive a kicker tax credit in 2026 as revenues are coming in at a slow and steady pace. The state has a trigger mechanism that returns money to taxpayers every two years through a so-called kicker rebate if personal income taxes

Houston Independent School District officials unveiled a massive $4.4 billion bond proposal for the November ballot that would address aging facilities, update technology, and improve security without increasing taxes. The plan, presented to the district’s Community Advisory Committee on Thursday, will be heading soon to the school board for a final vote on holding a

Issuance surged in May as Fed policy uncertainty, pent-up capital needs and mega deals helped volume top $40 billion for the month, the first time since 2016. May’s volume stood at $43.957 billion in 866 issues, up 46.9% from $29.919 billion in 802 issues in 2023. This is above the 10-year average of $35.896 billion.

Cabrera Capital Markets has hired ex-Citi banker Tom Rasmussen as a managing director to head municipal sales, trading and underwriting as it climbs up the rankings. Rasmussen, who worked at Citi for more than 33 years running and forming teams, said he couldn’t say no to the opportunity to run Cabrera’s municipal trading and sales

The Guam Power Authority plans to sell about $64 million of revenue refunding bonds in mid-July. The board of the Guam Consolidated Commission on Utilities on Tuesday approved the deal unanimously. The Guam legislature and Gov. Lourdes Leon Guerrero have already approved it. The Guam Public Utilities Commission was expected to approve it Thursday, said

A pair of top Congressional Republicans Wednesday opened an investigation into the Biden administration’s allocation of billions of federal dollars to California’s ambitious and pricey high-speed train project. Rep. Sam Graves, R-Mo., chair of the the House Transportation and Infrastructure Committee, and Sen. Ted Cruz, R-Texas, top Republican on the Senate Commerce Committee, sent Transportation

Municipals sold off Wednesday following another weaker U.S. Treasury session while equities were down near the close. Muni yields rose two to 13 basis points, depending on the curve, coming on the tailwind of a market correction, said Brad Libby, a fixed-income portfolio manager and credit analyst at Hartford Funds. Mixed economic data has been