Markets

The CARES Act gives the Federal Reserve and Treasury up to 10 days to begin purchasing municipal securities in the secondary market.

A more measured tone settled in on Monday as new deals begin to price in a coronavirus-weary marketplace. Municipal credit is beginning to come into focus.

Actions by the Fed and the passage of the CARES Act have served to calm the markets to a large degree during the recent choppiness. These actions will ease the way for some deals to come to market this week.

The firm will pre-qualify competitive sales to make sure they meet the ICMA’s green or social bond principles.

NABL suggested that the federal government be allowed to purchase new issues of tax-exempt bonds.

AA-rated Las Vegas saw its outlook revised to negative by S&P Global Ratings with casinos shuttered and visitors absent.

The municipal bond market is poised to begin digesting larger primary issuance in the coming week after a massive rally in recent days.

The operators of the venue argue that COVID-19's economic impact makes a $400 million expansion all the more important.

Supply-starved investors flocked to the St. Louis-based private university's taxable deal, which was upsized to $450 million from $300 million.

Speaker Nancy Pelosi, D-Calif., said the next package will make up for shortcomings that haven’t been addressed such as the insufficient aid to state and local governments.