Municipals finished mostly stronger on Thursday as retail investor confidence remained high for the 11th straight week. Taxable 'social' bonds for nonprofits are making their mark in the municipal space.
Market participants say issuer coronavirus disclosures have stagnated due to tax season and issuer fears of future legal ramifications.
Cyberattacks are increasingly likely as more government employees work from home due to the coronavirus pandemic, analysts said.
A Republican-led Senate and White House proposal that was circulating among lobbyists earlier this week indicated the major benefit for local governments would be new language providing greater flexibility for Coronavirus Relief Fund grants.
Hospitals margins could sink to unsustainable negative levels in the last half of the year, according to forecasts.
Chuck Peck, head of public finance investment banking at Wells Fargo, discusses how COVID-19 has changed the municipal bond market. Aaron Weitzman hosts.
Even with more federal rescue aid, which is hardly a given, the Metropolitan Transportation Authority may have to resort to deficit borrowing.
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States have taken a wide variety of approaches to their uses of pandemic aid.
December 19
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The Department of Treasury had until Aug. 31 to file an appeal and failed to do so.
September 5 -
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Circuit Judge John K. Bush cited Alexander Hamilton's insistence in the Federalist Papers that states would retain their authority over their own taxation.
May 4 -
Airports are being squeezed by modernization demands and servicing existing debt.
March 24 -
The nation's top court may well have to weigh in on the constitutionality of the strings attached to the federal pandemic aid.
March 20 -
A panel discussion hosted by the Volcker Alliance explored the future of American cities
January 19
