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Municipals felt the pressure of a U.S. Treasury market selloff, but outperformed their taxable counterparts, after better economic data sent investors flocking to equities in a risk-on trade. Triple-A yields rose two to four basis points, depending on the yield curve, while UST saw losses of up to 15 basis points on the short end,

Utah voters will weigh big bond propositions Nov. 5 as two top-rated issuers seek authorization for $1.237 billion of general obligation debt.  The Salt Lake City School District Board of Education approved a plan last week to seek $730 million of bonds to rebuild two high schools, construct an athletic field house, and upgrade facilities.

The Metropolitan Atlanta Rapid Transit Authority was upgraded to AA-plus from AA by Fitch Ratings Wednesday. The ratings affect MARTA’s sales tax revenue bonds rated by Fitch and its issuer default rating and carry a stable outlook. As of March 25, the authority had $2.02 billion in sales tax revenue bonds outstanding, according to Kroll

The Biden Administration is taking unprecedented steps to address the rising heat in what many are already deeming the hottest year on record by releasing its National Heat Strategy, a 37-page strategy document outlining how the Administration will work with federal agencies and state and local governments to address the growing threat of extreme heat.

Underwriting spreads for all bonds surged in the first half of 2024, rising above $7 for the first time in 25 years. Underwriting spreads rose to $7.11 in the first half of 2024 from $3.70 in the first half of 2023. Spreads on negotiated bonds rose to $6.55 in 1H 2024 from $3.78 in 1H

The debt Tennessee expects will help pay for new highway “Choice Lanes” will be the first municipal bonds to be used for state highway construction there in more than 45 years, though they won’t be traditional state-issued debt. The state government in recent decades paid for highways on a pay-as-you-go basis, using already collected funds

A federal judge Wednesday struck down a pair of year-old Missouri investment rules that regulated “non-financial” investment advice from broker-dealers and investment advisors. Judge Stephen Bough of the U.S. District Court for the Western District of Missouri issued the order the day after hearing oral arguments from both parties, which had submitted dueling summary judgment