Summary:
- A wave of municipal refinancings is getting pushed back as borrowing costs hover near recent peaks.
- New Jersey’s Transportation Trust Fund Authority planned a $1.7 billion refunding for Oct. 1, but the sale did not price; Barclays PLC holds the senior-manager role on the roughly $1.69 billion deal.
- About $6 billion of refundings are in limbo while issuers wait for lower yields, with 30-year muni benchmarks spiking to about 5.26% before easing to roughly 5.12% as of Monday.
Briefs Finance
by Milena Thomas
Published Oct 5, 2026