While municipal bonds have gotten increasingly expensive this year, money managers say that long-dated US state and local debt — often eschewed by investors — still look appealing.

Also in today’s Green Daily newsletter: Europe gives offshore wind a boost and BNEF has the latest number on clean-tech investing.

The heaviest winter storm in years dropped mounds of snow on New York City, making Monday’s morning commute messy for those willing to brave it.

New York Mayor Zohran Mamdani said he’ll do everything in his power to prevent “horrific” actions by federal immigration officers, one day after officers shot and killed an American nurse in Minneapolis.

Municipal bonds dropped the most in months as supply starts to pick up and geopolitical concerns hammer the US Treasury market.

Bond investors have been increasingly wary of debt sold by US hospitals, and they see looming cuts to federal health-care funding as new pain points for an industry that’s just starting to recover from pandemic stress.

The University of California sold $2.2 billion of municipal bonds on Tuesday, executing a deal of which a portion had been pulled earlier this year after Governor Gavin Newsom faced off with President Donald Trump over frozen federal research funds.

Moody’s Ratings cut Jersey City’s credit grade one step to A2 from A1, saying the rating reflected a financially “struggling city with a deteriorating liquidity profile.”

Sterling College, a tiny college in northern Vermont with less than 40 students, plans to wind down its degree programs, liquidate a handful of assets to pay off debt and see if it can re-imagine its mission at a time when small schools are struggling to stay afloat.

US universities’ athletic budgets are becoming another source of concern for investors who buy higher-education municipal debt, about five months after the approval of a settlement that allowed top sports colleges to pay their student-athletes.