
Sarah Wynn covers securities and infrastructure for the Washington bureau.
Sarah Wynn covers securities and infrastructure for the Washington bureau.
GFOA will be launching a new online learning-management system by the end of the year to connect its members.
The GFOA is advocating for federal funding for special districts, which have not received any specific funding.
In March 2020, spreads skyrocketed to 97 basis points before dropping slightly to 88 basis points in April 2020.
The MSRB also said more municipalities have begun referencing CARES Act loans in their disclosures.
Kent Hiteshew, who was recently hired by the Fed to help with the municipal market, said the Municipal Liquidity Facility opened Monday.
Analysts and issuers say the Municipal Liquidity Facility is a last resort aimed primarily at lower-rated issuers. But recent deals could prove the MLF’s effectiveness as a backstop.
SIFMA released two new model documents to reflect the senior managing underwriter’s role to make standard disclosures as well as its own dealer transaction specific disclosures to keep up with changes to the MSRB's fair dealing rule.
Market participants want the Fed to get the program up and running by the end of this month.
More issuers are missing bond payments and deadlines for filing annual financials; the Roman Catholic Church of the Archdiocese of New Orleans filed for bankruptcy partially blaming COVID-19, affecting $41 million of bonds.
The Fed’s rates send a signal to the municipal market that it wants it to survive on its own.