News and Information from Bond Buyer

The Financial Stability Board issued a statement April 2 affirming that it is sticking with plans to transition away from Libor by the end of 2021.

Gov. Tom Wolf is expected to sign five-month, $26 billion spending plan, intended to buy time to measure the hit from the effects of COVID-19.

Dealer groups supported the MSRB's move, saying it would remove a disincentive to use the Fed's short-note program.

Municipal to U.S. Treasury ratios have been a focus for many participants of late. Historically attractive ratios, low supply, and continued fund inflows are creating some strength in the municipal market.

A report from a University of Illinois task force examining the impacts of COVID-19 lays out projected job, income, and economic activity losses into next spring.

Joseph Pollock will be responsible for covering hospitals and healthcare systems across the United States.

The transportation agency plans a refinancing to combat lost revenue from steep traffic declines during the COVID-19 pandemic.

When the pandemic ends, the Fed must remove accommodation, unlike after the Great Recession.

Borrowing may not be the best way to replace revenue losses unless municipalities have good reason and the debt capacity to do so, former state officials said.

The South Carolina Legislature put in place strict oversight of the state-owned utility until they decide whether to sell it.

The bill was set aside as state lawmakers limit legislation to the issues of housing, wildfires and coronavirus. Meanwhile, more cities and counties issue POBs.

Economy still hurting as reopening in early stages.

RBC hires 30-year vet Teri Hartman from Barclays and expects another hire.

Fitch Ratings affirmed its AA rating on the department's water system revenue bonds as it revised their outlook to negative.

Richard Taormina, portfolio manager and head of tax aware strategies at JPMorgan Asset Management talks about the effects COVID-19 is having on credits in the municipal bond market and why crossover buyers think this an attractive asset class. Chip Barnett hosts.

Hospital margins plunged in April and recovery prospects hinge on resuming elective procedures, which depend on patient sentiment and future COVID-19 surges.

Success can't be achieved unless the local government more actively pursues reform, sources say.

Even with the news that New York City is looking to potentially borrow $7B through its Transitional Finance Authority as it faces $9B in lower revenues, the market didn’t blink and TFAs traded firmer.

The coronvirus pandemic led to economic declines and contacts are unsure how quick recovery will be.

Illinois lawmakers overhauled the proposed Chicago casino tax structure and awarded MPEA more flexibility to deal with its fiscal woes.