City of New York, NY

Municipals held firm ahead of a strong supply stream of bonds in a calendar heavy with taxable and green bond deals.

Any bonding to cover coronavirus-related budget gaps should come only with oversight from a reactivated state panel, the Citizens Budget Commission said.

The short-term Municipal Liquidity Facility does not meet the city's needs, the mayor said while repeating his call for borrowing authority from New York State.

Street space has become the new battlegrounds as municipalities, with fewer resources, look to reimagine themselves.

More supply sold Thursday as the Chicago Transit Authority, the Austin ISD, Texas and Kern HSD, Calif., all came to market.

Munis continued to weaken with yields on the AAA scales rising by as much as three basis points.

New York City's comptroller wants the mayor to pull the executive order he issued in March, when the city needed to quickly purchase ventilators and other coroavirus-related equipment.

Municipals turned weaker on the long end Tuesday as NYC's tax-exempt GOs were priced for retail investors.

Municipal bonds ended unchanged on Monday ahead of this week $8 billion of new issuance.

Municipals were little changed on Friday after a market moved that took long yields up by as much as 15 basis points since mid-month.

Municipals were steady to weaker, with yields up by as much as three basis points on the long end Thursday.

The mass transit agency, its finances reeling from the coronavirus, rejected bids from 10 different banks and sold $451 million of notes to the Municipal Liquidity Facility.

The level of Washington aid is but one yardstick for the fiscal soundness of the city-owned system, says the watchdog Independent Budget Office.

Slow utility responses triggered legal action and calls for changes ranging from carrot-and-stick contracting agreements to a municipal takeover of Con Edison.

The move will enhance economic recovery from the coronavirus, the rating agency said.

Stringer sent a letter to Mayor de Blasio on Monday calling on the city to fully fund the indirect cost rate (ICR) initiative.

Minority and women-owned business enterprises will now comprise 33% of city GO bond and Transitional Finance Authority book-runners and 40% for New York Water.

Failure to aid one could hurt the others, according to the state comptroller's review of the city's financial plan.

As the Metropolitan Transportation Authority lines up two note sales, the rating agency said the authority could tap into the Federal Reserve’s Municipal Liquidity Facility.

Kathy Wylde, president of the Partnership for New York City, charts a path for restarting the city's economy, including a digital buildup and public-private partnerships. Paul Burton hosts.