Southwest

The system is managing the pandemic's impact on its campuses and hospitals, as well as a drop in the price of oil, which supports it financially. Neither situation is expected to shake its rating strength.

Uncertainty and volatility have caused a bifurcated market when it comes to credit, and widespread disparity between high-quality and high-yield is complicating matters for issuers.

Yields on all triple-A benchmark curves out to nine years are now below 1%. The largest bumps were again on the very short end of the curve. Lipper reported $580 million of inflows.

Oklahoma lawmakers stood their ground after Gov. Kevin Stitt vetoed the budget and diversions from pension funds and transportation.

State officials say Colorado needs to cut $3.3 billion from the budget for fiscal year 2021 after the largest revenue drop in the state’s history.

With its amusement parks and stadiums shut down the city, which is prepping a bond refunding, is bracing for an $18 million hit to tax revenues.

The COVID-19 pandemic got in the way of Salt Lake City International Airport's plans to issue bonds for the second phase of its $4.3 billion expansion.

The U.S. Supreme Court is expected to hear oral arguments this fall in California v. Texas.

The steep drop in revenue does not yet reflect the collapse in oil prices, Oklahoma Treasurer Randy McDaniel said.

The state will cut its budget no more than 4% amid a revenue crisis, legislative leaders announced.