State of New York

With a state budget deadline on the horizon, NY Gov. Andrew Cuomo is requesting revised revenue estimates that factor in the economic realities of fast-spreading virus.

The municipal market was hammered Wednesday by the COVID-19 pandemic with a more than quarter point correction in AAA benchmarks, issuers pulling deals off the shelves and more reports of pricing and evaluation confusion.

Chairman Patrick Foye says that the outbreak has no material effect for now, and the authority promises to continue timely disclosure.

As fear and uncertainty over COVID-19 rapidly grow, it has sent yields for both municipals and Treasuries to never before seen low levels — begging the question if we could see zero or negative yields here in the States?

The world remains on edge about the rapidly spreading COVID-19 and those fears once again have Treasury yields digging down even deeper. COVID-19 fears have now impacted fund flows, as municipals suffers outflows for the first time in 60 weeks.

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.

Looming state budget cuts combined with the COVID-19 threat could have a negative impact on NYC's economy.

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

Taxable bonds and COVID-19 are two of the main catalysts that helped February municipal bond volume ascend to its highest level since at least 1986.

New York State Comptroller Tom DiNapoli credits a data-driven platform with salvaging billions in revenue.

Municipal bond yields were unchanged at record low levels, according to late reads.

As COVID-19 fears run rampant, investors continued to sell off equities, resulting in muni yields again following Treasury yields down to all-time lows.

Maria Doulis of the Citizens Budget Commission and Howard Cure of Evercore Wealth Management examine how the state's Medicare cost crisis could affect the city's budget. They also discuss the MTA, public housing and property tax overhaul. Paul Burton hosts.

Municipal bonds yields continued their descent and once again rewrote the record books, as the flight to safety on fears of COVID-19 that took place Friday picked up right where it left off.

Think tank Regional Plan Association and advocacy group Make the Road New York are urging leaders to expand climate resiliency measures.

The market got technically stronger and the new-issue calendar builds.

New deals started to flow in and take advantage of historic lows of muni yields and rates.

Issuance is set to seesaw, as new-issue volume was the heaviest of the year last week, at almost 40% larger than 2019 weekly average. And this is expected to be one of the lowest-volume weeks of the year to date.

Reuben McDaniel III, newly appointed CEO and president of the Dormitory Authority of the State of New York, outlines his vision for one of the nation’s top municipal bond issuers. Hosted by Andrew Coen.

Lack of supply continues while professional money keeps market liquid.