Markets

Michael Chalker, portfolio manager and senior analyst at LM Capital Group, talks with Chip Barnett about the fixed-income markets and the fallout from the COVID-19 pandemic. (16 minutes)

Illinois will borrow $2 billion through the Federal Reserve's Municipal Liquidity Facility to help manage its 2021 budget gap. The state previously borrowed $1.2 billion from the MLF for its fiscal 2020 pandemic hole.

The Investment Company Institute reported municipal bond funds saw $2.675 billion of inflows in the latest reporting week.

The flood of indicators released Wednesday were indicative of a slowing economy, analysts said.

The rating agency cited coronavirus-related curbs on economic activity in the commonwealth.

Fitch Ratings cited concerns about LADWP's debt leverage in setting a negative outlook.

Sources said the JFK deal was massively oversubscribed, allowing underwriters to lower yields from 15 to 45 basis points.

He was remembered for an evenhanded persona amid a tumultuous term from 1990 to 1993.

The consumer confidence index suggested expectations have slipped, and the Richmond Fed's services survey also offered a dim view ahead.