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The rating agency cited coronavirus-related curbs on economic activity in the commonwealth.November 25
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A supply/demand imbalance allowed New Jersey and Massachusetts to reprice to lower yields while the beleaguered New York MTA will head back to the Fed for liquidity.November 18
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The strong demand amid a dearth of new municipal issuance by states and a reach for yield also allowed New Jersey to skip a planned taxable portion and officials announced it would not need to access the Fed's Municipal Liquidity Facility.November 17
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The state has been coping with the economic fallout of COVID-19 and a burgeoning second wave that is expected to challenge the commonwealth’s finances and burden its healthcare system.November 17
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Municipals were steady to stronger ahead of $11.5 billion of supply as requests for new municipal bond identifiers surged almost 40% last month.November 16
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Municipals firmed Friday, with yields falling by as much as two basis points, as coronavirus threats grow and a flight-to-safety resumes.November 13
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Municipal bonds strengthened Thursday as yields fell by as much as four basis points on AAA curves but coronavirus vaccine rally in stocks slowed and UST, munis regained ground.November 12
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State housing and economic development Secretary Mike Kennealy will lead the search for a successor at the commonwealth's finance and development agency.October 27
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With $3.6 billion less than expected in revenues, the governor proposed using part of the commonwealth's rainy-day fund, leaving $2.2 billion for future shortages.October 15
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Treasurer Deborah Goldberg and the commonwealth's Pension Reserves Investment Management board look to improve measurement of environmental, social and governance data.September 14
