Author: Jim Walker

Moody’s just put flood risk on the credit map. Florida, Louisiana, the Carolinas, Texas. Here’s which CUSIPs in your book are sitting in the splash zone.

When a rating gets pulled, the bond doesn’t change. The auditor’s question does. How trust desks are handling the prepaid energy fallout.

Northern Illinois, Saint Michael’s, Sacramento City Unified. Three sub-investment-grade education credits cut in under two weeks, May 2026.

Kevin Warsh cleared cloture 49-44 and is set to chair the June FOMC. What a less-vocal Fed means for muni laddering and tax-exempt MMFs.

Greetings from Gladiolus Charter School in Fort Myers, Florida — 71,128 square feet of empty educational facility on 8.85 acres. The first operator never opened. The bonds traded from $105 to the low $20s. Discovery Science Schools is now trying to do what the original plan never did: fill the building, restart the revenue engine, and prove the collateral is worth more alive than foreclosed. The collateral story has begun.

Three trades around $45 today on a Bronx Parking Development bond quoted near $67 for months. Why the price moved before the rating did.

Brightline bonds keep raising eyebrows in the muni market. I rode the Brightline train. The stations are clean. The train is comfortable. It leaves on time. For part of the…

ICE CAPADES! $83M Hockey Palace Had $18 in the Bank When the Bill Came Due MuniBonds.ai  •  March 29, 2026 Here is a number that tells you everything you need…

Higher education bonds are showing cracks beneath the surface. Something is quietly failing in the seemingly safe world of higher education. While the protagonist of our initial concern might be…

The Brightline bond yield demands a closer look. Remember the buzz around Brightline’s high-yield bond deal? A 14% yield is enough to make any investor’s ears perk up. But as…