Subject Root Tag

COVID-19 has put large burdens on state and local coffers and new business for the municipal bond insurers, generally, has increased.

The Governing Board of the Virgin Islands Public Finance Authority met Tuesday via videoconference and voted unanimously to execute the term sheets with Banco Popular and First Bank for $60 million in loans to fund government operations.

There were a few changes in the top municipal bond counsel rankings, with the only spots staying the same numbers one and 10.

Daily report for July 15, 2020.

Uncertainty makes downside risks prevalent, and the Fed will need to be accommodative when the crisis ends, according to Lael Brainard.

Long-term munis strengthened as investors bank on recoveries and navigate an uncertain credit landscape.

Illinois paper is trading at tighter spreads than it did amid the original coronavirus surge, though they remain much higher than in February.

Coronavirus-related disclosures last week reached to just over 600 filings, but it is still a far cry from just less than a month before which saw 1,200 filings.

Gov. Phil Murphy reached a deal with Democratic state legislative leaders to pass nearly $10 billion of borrowing to deal with COVID-19 pandemic revenue shortfalls. The deal faces a legal showdown with Republican leaders.

Six states took revenue hits above 30%, according to report.

During a Brookings Institution annual conference, the Fed's Kent Hiteshew said it is continuing to monitor the market and if extra help is needed, the Fed is poised to consider it.

Setting capital investment priorities and other efficiencies can help the public transit system through its coronavirus-related fiscal crisis, a budget watchdog says.

Hamden received its second hit from the rating agencies in four days when Fitch lowered the town's general obligation bonds to BBB.

Gil C. Quiniones, president and CEO of the N.Y. Power Authority, discusses how the Empire State’s energy needs are being met during the health crisis. Andrew Coen hosts.

Daily report for July 14, 2020.

State University of New York refinancing could offset lost revenues from expected declines in student housing revenue stemming from the COVID-19 pandemic.

Municipals finished little changed ahead of this week's almost $14 billion of new issues.

Moody's Investors Service and S&P moved their outlook the Detroit-based university's ratings to negative as the Michigan state school prepares to sell bonds.

The chance of the Federal Reserve using yield curve control is probably much higher than the market currently anticipates.

The Supreme Court ruled that Native American tribes had never given up or lost their jurisdiction over eastern Oklahoma.