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It s going to take time : City Council hears from developers on tax credit options to revive James Block building

The Fort Madison City Council heard some potential options for a path forward at reviving the old James Block building during its meeting Tuesday but were told not to expect

Munis weaken, focus turns to large primary market

Several weeks of elevated supply should theoretically be "weighing more on performance, but the market is now just ahead of its largest reinvestment season, which so far in 2024 has become even more pronounced, with an additional $19.5 billion scheduled for call/redemption between [June 1 and August 30]," said Matt Fabian, a partner at Municipal Market Analytics.

Meet the candidates 2024: Iowa House District 51 pt 2 | News, Sports, Jobs

Meet the candidates 2024: Iowa House District 51 pt 2 | News, Sports, Jobs
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Selling pressure mounts, muni yields spike

"While we acknowledge that the market tone is weaker [Monday], we are generally constructive regarding valuations and expect this week's supply to be absorbed fairly well after last week's giveback of the richening witnessed over prior weeks," said Vikram Rai, head of municipal markets strategy at Wells Fargo.

New-issue muni bond calendar is robust at +$12 billion

There are nearly 30 new-issues over $100 million on tap across the credit spectrum, led by the week's largest negotiated deal from Harris County, Texas, with $950 million of toll road first lien revenue and refunding bonds. The competitive calendar ticks up with several high-grade names.

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