News and Information from Bond Buyer

The coronavirus pandemic has turned every industry on its head. For lending, it exposed the need for modernized, fully digital platforms.

Jobless claims fell to below 800,000, existing home sales soared, leading indicators rose more than expected and the Kansas City Fed manufacturing index also climbed in the latest reading.

New York Gov. Andrew Cuomo is holding off on addressing a widening revenue gap until after the election, hoping a Democratic win will mean more stimulus, a move analysts criticized.

Banks, lenders, and fintechs have been on a path toward digitizing the mortgage process from end-to-end — long before the term coronavirus entered our daily lexicon. How has the pandemic affected progress?

The No Place Like Home bonds, backed by a long-standing income tax surcharge, fund supportive housing for homeless people with mental health issues.

In this Rising Stars installment, Amanda Stephens of Orrick and Jeffrey Lack of Fitch Ratings explain how they launched their public finance careers, what motivates them and who inspired them. Paul Burton hosts. (20 minutes)

The securities industry was buoyed by federal stimulus and a massive influx of liquidity, report says.

Refinancing and restructuring debt plays prominently in the city's budget plans

Surveys show employment was up as much as 7% in September from April.

The current deal deluge is causing a minor yield pullback, but levels have been steadier than many probably thought, trader said.

Fed finds most areas improving, with different sectors showing greta variation in activity.

Credit rating agencies have done relatively few credit downgrades.

From pervasive discrimination at work to the dangers of #BankingWhileBlack, Black people in America face serious hurdles when engaging with the financial services. Join us for a panel discussion featuring guests from the Access Denied: Systemic Racism in Financial Services podcast.

Toll collections on the Garcon Point Bridge have been suspended since mid-September because of Hurricane Sally, pitting the bond trustee against the state of Florida again.

Options for local governments amid the coronavirus range from rainy-day withdrawals to pension payment delays, and renewed calls for shared services and mergers.

Favorable sale results compared to recent secondary trading levels prompted MMD to narrow Illinois' spreads on average by 10-30 basis points across the curve with the short-end seeing the biggest improvement.

CommonSpirit's deal marks the next phase in managing the combined debt porfolio of CHI and Dignity.

Municipals weakened as supply surged into the market, with AAA yields up by as much two basis points on longer-dated maturities.

A senior Federal Reserve official said an expansion of the MLF won’t happen unless the program is extended into 2021.

It turns out that all tax-exempt munis exhibit negative convexity near par, even if they are not callable. The driver of this phenomenon is the so-called de minimis tax effect.