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Benchmarks showed again that the short end was being hit hardest — 30 basis points up on the one-year and at least 10 up on the long end, but the entire curve was being cut drastically. The primary market was again at a standstill.

Worries about the spreading virus prompt a shift to online and phone work.

Questions about the impact of COVID-19 surround the state-run authority, which operates New York City transit and is one of the largest municipal issuers.

Tax-exempt municipal yields rose substantially last week causing the MSRB to take a look at trade data, said John Bagley, MSRB chief market structure officer.

With a significant decline in new infections in China, positive news may be ahead, one expert says.

When lawmakers cast the final vote on the 2021 budget, they won’t have updated revenue projections but other states and industries do.

State Comptroller Thomas DiNapoli released updated state revenue projections.

Authority Chairman Patrick Foye cited plummeting revenue as riders stay home because of COVID-19

The municipal market is dealing with a major liquidity event, with massive short-end selling.

The Federal Reserve continued its moves to minimize the effects of COVID-19 on the U.S. economy.

"I think it's way too early to determine how we're going to adjust the budget," the mayor said.

The municipal finance industry is dealing with minute-by-minute news of state-wide school closures, shuttered restaurants, curfews and canceled events. New issues are increasingly being put on the day-to-day calendar.

Lawmakers return to the state capital to formally approve the budget Thursday amid concerns over the novel coronavirus outbreak.

Chicago Mayor Lori Lightfoot's administration is stressing the city's improved liquidity and jolt of refinancing savings provide a cushion to manage the near-term tax losses.

The comptroller, citing projected losses in entertainment and tourism while the city is virtually closed, called for a savings target of 4% of tax levy-funded agency spending.

The Federal Open Market Committee lowered the fed funds rate target to between zero and ¼% in an emergency meeting on Sunday, but while analysts say the move was needed, they feel it will take more to offset the effects of COVID-19.

In an unprecedented move, the Federal Reserve on Sunday cut rates to near zero.

The agreement would end current and future litigation by class members over the South Carolina utility’s failed nuclear project.

The New Jersey state teachers' union and state Senate President Steve Sweeney announced an agreement to lower school district and employee healthcare costs.

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.