Markets

The suspension of spectator sports removes two critical revenue streams for the venue in Brooklyn, according to Moody's Investors Service.

Uncertainty still abounds for the public finance space, as just before the market close, President Trump declared a national emergency. Meanwhile, states and cities across the country are closing schools, sporting events, and cutting back public transit. But Friday, at least, provided some reprieve from the five previous volatile days.

Nuveen, Friedlander, BofA offer some recommendations on COVID-19 credit and sector impact.

Consumer worries over the virus' spread dampened enthusiasm early this month.

How severe a financial hit New York City will take during the COVID-19 pandemic is as much of an unknown as the degree of virus spread.

Career veterans call fallout from COVID-19 concerns on the municipal market worse than that of 9/11 and the 2008 financial crisis combined.

The 2017 Tax Cuts and Jobs Act continues to influence the composition of the municipal bond market.

The PPI fell 0.6% in February, the biggest decline in over five years. The core rate fell 0.3%

Michael Zezas, managing director of research at Morgan Stanley, notes that muni yields have not fallen as quickly as the Treasury equivalents and recession risk climbs the longer the coronavirus persists. Layer on top of those items the incipient oil competition and quite a storm is brewing. Even liquidity is becoming "disorderly." John Hallacy hosts.

The municipal market was hammered Wednesday by the COVID-19 pandemic with a more than quarter point correction in AAA benchmarks, issuers pulling deals off the shelves and more reports of pricing and evaluation confusion.