News and Information from Bond Buyer

The March losses underscore the fiscal strains for hospitals but many facilities are expected soon to resume elective surgeries and diagnostic procedures.

The municipal market saw a plethora of deals come in while secondary market trading showed some weakness on AAA benchmarks.

The president said he envisions infrastructure as “a big part” of the next round of emergency legislation.

Swain says the challenge would be considered in two stages.

The new federal COVID-19 relief package probably won’t be the last boost the U.S. economy will get, economists say.

State Comptroller Thomas DiNapoli warns of multi-year budget hits from virus with more federal aid needed to fill the gaps.

The new bill to replenish the Paycheck Protection Program clarifies that hospitals created as political subdivisions are eligible.

"This is undoubtedly the toughest time in MTA history," said Patrick Foye, who has asked Congress to double its $3.8 billion relief package.

The site will provide a single location for investors to access its financial and operating data.

The rating agency delivered the latest coronavirus-related hit to the city's ratings by cutting its outlook. The city's GO bonds were affirmed at AA.

Secondary market trading showed yields rising slightly, but the primary market again showed signs of life, as demand for the asset class seems to be gaining ground.

Financial strains from COVID-19 were the primary factor in downgrading the state to A-minus from A. The outlook was revised to negative from stable.

After the unprecedented collapse an oil futures contract into negative territory, the leading oil producing states face budget uncertainty.

The New York City Council is set to unveil a COVID-19 relief package of bills that include help for small businesses and tenants.

Analyst says the shortfall is another problem for the island's economy.

Existing home sales fell 8.5% last month as the Philadelphia Fed said its indexes fell to record lows in April.

A disclosure filed with the MSRB said two rehabilitation and nursing facilities in Massachusetts were unable to make a scheduled payment due to the coronavirus pandemic.

The Illinois penalty that raises borrowing costs for all issuers in the state may widen as local agencies and governments face likely cuts in state support.

The state doesn't expect any short-term borrowing to cover the current fiscal year, Gov. Ned Lamont said.

The New Jersey Infrastructure Bank has implemented a backstop municipal note program aimed at bringing fiscal stability to the state’s local governments as they grapple with the COVID-19 pandemic.