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Federal Reserve Bank of New York President John Williams said policy makers are “thinking very hard” about targeting specific yields on Treasury securities as a way of ensuring borrowing costs stay at rock-bottom levels beyond keeping the benchmark interest rate near zero.
May 27
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Most of the state revenue loss came from $599 million in lower-than-estimated state sales tax collections, which support 79% of Florida’s budget.
May 27
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With the latest federal rescue package stalled, New York's mayor has asked state lawmakers to authorize an additional $7 billion in bonding.
May 27
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An injunction was issued against U.S. Immigration and Customs Enforcement, which could impact a prison's facility's revenue bonds.
May 27
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The think tank bestows its highest honor for leadership in the New York metropolitan region to the American Triple I Partners chairman and former HUD secretary.
May 27
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The board anticipates a $22 billion cumulative deficit through fiscal 2049.
May 27
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Colorado will continue its highway building with $500 million of certificates of participation, as it weathers its deepest downturn in years.
May 26
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Credit concern is being lost somewhat in pricing munis and traders said they are looking for alternative benchmarks, even turning to corporates and U.S. Treasuries to price the market.
May 26
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The $40 billion budget for fiscal 2021 authorizes up to $5 billion of borrowing through the Federal Reserve’s Municipal Liquidity Facility.
May 26
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Federal Reserve Bank of St. Louis President James Bullard predicted the U.S. economy will recover from the highest unemployment since the 1930s with a rapid rebound that will push the jobless rate below 10% by December.
May 26
