Markets

Fed chair warns recovery may not be quick or easy.

A pre-pricing wire will be discussed by the state, its syndicate, and advisors early Wednesday ahead of a decision on whether to launch the deal or remain on the day-to-day calendar.

The short end of the municipal curve again saw yields fall, but that didn't impede the productivity of the day's new-issue market.

Inflation, low before the coronavirus shut the economy, drops further.

Fitch Ratings downgraded Las Vegas a notch to AA-minus

Moody's revised its outlook on the Chicago Transit Authority and Regional Transportation Authority to negative as COVID-19 threatens their revenue streams.

The Fed on Monday essentially said it was standing 10 feet back from the market, allowing it to manage the pandemic-driven crisis itself. Lower-rated issuers may benefit most from the facility.

Atlanta Fed president said the Fed is keeping "all tools on the table" and could discuss negative rates.

High-grade trading Friday showed the disparate credit picture that investors are facing; they now need to dig deeper into municipal financials and the backstops on certain bonds.

IRS General Counsel Michael Desmond said Wednesday his office has received “a number of requests” for extending deadlines.