Markets

The Federal Open Market Committee cut the fed funds rate 50 basis points to a range between 1% and 1.25%. The decision to cut rates was unanimous.

The MSRB's annual fact book showed that trading volume dipped 14% year over year.

Eight Los Angeles agencies, with a combined $49 billion in debt, will give presentations on their projects, debt portfolios and expected new issuance.

The rating agency will await the legislature's passage of a final budget before casting a credit judgment.

The municipal bond market is in for another action-packed week, with above-average issuance and COVID-19 still spreading rapidly.

Policymakers may not wait until their mid-month meeting and could act with other central banks.

With major projects in its future, Dallas Area Rapid Transit is making the most of record low rates in a $260 million bond sale.

Issuers tapping the market in uncertain times, but with certainty of low rates.

With each passing day, fears surrounding COVID-19 elevate as the equity sell-off pressed on. The biggest winners have and will continue to be muni issuers, as they are selling into a record low rate market.

The IRS has informally responded to a letter from NABL asking for a reduction in the high fee it charged for private letter rulings.