BAM Mutual

Solid demand from retail investors and mutual funds helped the market digest another heavy calendar of new-issue sales, and keeping the market on track to round out the first half of 2026 on pace for another record volume year.

A $280 million sale to finance new student housing for freshmen at the University of Arizona leads this week's BAM-insured calendar. Learn more about how we analyzed the deal from Alex Vaisman in the latest video.

Tax-exempt yields outpaced Treasuries again this week, after investors committed a near-record $2.3B to mutual funds, which provided a tailwind against the backdrop of relatively light new-issue supply.

BAM's Chris Flosi summed up the trends: "Independent of what's going on in the world, everyone keeps coming in to look for that yield proposition from munis."