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State leaders are reluctant to grant New York City more bond capability, and other city leaders want Bill de Blasio to further reduce his proposed spending plan.

Cities and counties of fewer than 500,000 are seeing a fraction of the reimbursements for coronavirus spending that their larger counterparts received.

Daily report for June 01, 2020.

Tightening spreads and low yields ended the month as demand for municipal bonds is expected to overwhelm $6 billion in volume heading to the primary.

Consumer spending plunged while the Chicago Business Barometer fell in May.

Bond volume was 4.2% lower than it was a year ago but increased from March and April’s low totals.

California Public Utilities Commission approval is one hurdle for PG&E, which must exit bankruptcy by June 30 to qualify for a $21 billion bond fund.

Gov. Phil Murphy’s $5 billion emergency bond plan to patch revenue gaps caused by the COVID-19 pandemic faces an uncertain future in the state legislature.

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.

Daily report for May 29, 2020.

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.