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Economy still hurting as reopening in early stages.
May 28
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RBC hires 30-year vet Teri Hartman from Barclays and expects another hire.
May 28
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Fitch Ratings affirmed its AA rating on the department's water system revenue bonds as it revised their outlook to negative.
May 28
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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.
May 28
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Hospital margins plunged in April and recovery prospects hinge on resuming elective procedures, which depend on patient sentiment and future COVID-19 surges.
May 27
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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.
May 27
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The coronvirus pandemic led to economic declines and contacts are unsure how quick recovery will be.
May 27
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Illinois lawmakers overhauled the proposed Chicago casino tax structure and awarded MPEA more flexibility to deal with its fiscal woes.
May 27
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Issuers say the Treasury's intent was to open up COVID-19 funds for public safety costs.
May 27
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GASB has announced that the requirement for the use of GASB 87 standard for lease accounting has been pushed back to fiscal years beginning June 15, 2021.
May 27
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Federal Reserve Bank of New York President John Williams said policy makers are “thinking very hard” about targeting specific yields on Treasury securities as a way of ensuring borrowing costs stay at rock-bottom levels beyond keeping the benchmark interest rate near zero.
May 27
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Most of the state revenue loss came from $599 million in lower-than-estimated state sales tax collections, which support 79% of Florida’s budget.
May 27
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With the latest federal rescue package stalled, New York's mayor has asked state lawmakers to authorize an additional $7 billion in bonding.
May 27
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An injunction was issued against U.S. Immigration and Customs Enforcement, which could impact a prison's facility's revenue bonds.
May 27
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Colorado will continue its highway building with $500 million of certificates of participation, as it weathers its deepest downturn in years.
May 26
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Credit concern is being lost somewhat in pricing munis and traders said they are looking for alternative benchmarks, even turning to corporates and U.S. Treasuries to price the market.
May 26
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The $40 billion budget for fiscal 2021 authorizes up to $5 billion of borrowing through the Federal Reserve’s Municipal Liquidity Facility.
May 26
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Federal Reserve Bank of St. Louis President James Bullard predicted the U.S. economy will recover from the highest unemployment since the 1930s with a rapid rebound that will push the jobless rate below 10% by December.
May 26
