
Sarah Wynn covers securities and infrastructure for the Washington bureau.
Sarah Wynn covers securities and infrastructure for the Washington bureau.
Coronavirus-related disclosures last week reached to just over 600 filings, but it is still a far cry from just less than a month before which saw 1,200 filings.
During a Brookings Institution annual conference, the Fed's Kent Hiteshew said it is continuing to monitor the market and if extra help is needed, the Fed is poised to consider it.
From 2009 to the first half of 2019, the number of competitive bids increased, helping issuers get the best selling price, the MSRB says.
Fourteen states and 19 local authorities have delayed or canceled road, transit and airport projects worth $8.58 billion due to the coronavirus.
The mayor of Tupelo, Mississippi said he has not seen federal funds reach his city of 38,000 yet.
Conditions under a recently announced temporary exemption are narrow, SEC staff said, despite push back from dealers.
Analysts had mixed reactions on what could have caused the decline, pointing to some municipalities closing out their fiscal years at the end of June.
Jay Clayton's recent testimony to federal lawmakers was "troubling," the dealer group said in a letter to the SEC chairman.
Sen. Chuck Grassley, R-Iowa., said the future needs of issuers are uncertain.
The House is expected to pass a $1.5 trillion dollar infrastructure package, mostly along party lines, while a bipartisan Senate bill to restore advance refunding may build momentum in that chamber.