Municipal market contemplates fallout from banking crisis

The collapse of Silicon Valley Bank and Signature Bank clouds the economic landscape and complicates monetary policy decisions but it's a long way off from the troubles banks and broker-dealers faced in the 2008 financial crisis.

The takeover of the Houston Independent School District by the Texas Education Agency on the basis of academic performance does not affect its AA-plus underlying rating, S&P Global Ratings analysts said Friday.

California Gov. Gavin Newsom has proposed an independent watchdog within the California Energy Commission to monitor the state's petroleum market on a daily basis.

Governments across the Northeast announced support for emerging industries affected by the collapse of Silicon Valley Bank and Signature Bank.

Municipals were firmer in spots to end a chaotic week that saw triple-A benchmarks both follow U.S. Treasuries in a flight to quality and ignore UST movements — as munis did on Friday for the most part — as the banking sector crisis continued.