Markets

The state will use debt service savings from the refunding side of the deal for near-term budget relief; the deal includes its first taxable refunding bonds.

Muni benchmarks were steady while new deals re-priced to lower yields in a tale of two markets. ICI reported more inflows.

Many predicted double-digit unemployment at yearend, but that won't happen, but even after vaccines are introduced labor market questions will need to be addressed.

Predictably, the rating agency cited COVID-19 effects in its downgrade to AA-minus from AA.

Strong technicals, low supply, yield-seekers keep munis outperforming.

Strategists from both Wells Fargo Investment Institute and John Hancock have low expectations for inflation going forward.

During an industry briefing Tuesday, SIFMA's Kenneth Bentsen, Jr., said no matter who leads the SEC next, SIFMA will argue for an end to a temporary exemptive order.

The outlook revision to New York's AA GO bond rating marks the latest hit to a city coping with a rise in COVID-19 cases and financial uncertainties.

The primary's diversity of credits and size relative to November has grown, but it is just not enough to push yields higher as redemptions flood the market. Some analysts still say a mild correction at least is due.

'Exceptionally accommodative' monetary policy expected as inflation remains short of the Fed's 2% target, according to BNP economists.