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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 -
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 -
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 -
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 -
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 -
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 -
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 -
Treasurer Deborah Goldberg and the commonwealth's Pension Reserves Investment Management board look to improve measurement of environmental, social and governance data.
September 14 -
The Smart Plan received the leadership recognition award from the National Association of Government Defined Contribution Administrators.
July 29 -
Despite the coronavirus wrecking havoc all over the world and with the brunt of the damage occurring in the second quarter of the year, municipal bond issuers have sold just over $23 billion more than they did at this time last year.
July 8