Subject Root Tag

Groups representing dealer firms and issuers both weighed in positively Monday evening after the Fed’s afternoon decision that it will expand its Municipal Liquidity Facility in both scope and duration.

Daily report for April 28, 2020.

The Federal Reserve expanded the scope and duration of the Municipal Liquidity Facility, a $500 billion emergency lending program aimed at providing short-term credit to state and local governments as they endure the economic fallout from the coronavirus pandemic.

Issuers bringing taxable deals this week should see robust buying interest as the strong performance of the corporate market has pushed yields down, making double-A taxable municipal bond yields attractive for corporate investors in the 21% tax bracket.

Moody's Investors Service said public utilities may see declining coverage ratios as they suspend disconnects and offer discounts.

The system's offering statement presents a detailed picture of the pandemic's impact so far.

Fitch Ratings lowered its outlook on Hawaii's AA-plus rating to negative from stable, following a similar action by Moody's earlier this month.

The municipal bond market will see more supply hit the screens this week as buyers await much needed issuance and sellers hope for improved liquidity.

Several of the Lone Star State's manufacturing indexes dropped to record lows in April, a Dallas Fed survey showed.

Like their traditional peers, charter schools in the Southwest see the writing on the wall when it comes to future funding in a coronavirus-driven recession.

The Fed’s new program, however, will not be enough to negate the serious financial consequences that are likely to befall some local governments as they begin to feel the full effects of shutting down the economy. Both the Fed and Congress need to do more.

Although the pandemic disrupted regular Manhattan-Ogden school operations for the rest of the school year, there's been the small silver lining that construction crews on several district bond projects can start their work, or at least preparation for it, a little earlier.

When April data becomes available in about a month, it is expected to beging showing the full force of the shutdown of nationwide economic activity.

MSRB Chief Market Structure Officer John Bagley will join the Federal Reserve Bank of New York for eight months to lend his municipal market knowledge toward the Fed’s new Municipal Liquidity Facility.

For the second time in two weeks, a rating agency lowered the Port Authority of New York and New Jersey's outlook.

Where and how residents buy their alcohol in the commonwealth's control state system has resurfaced as a budgetary, policy and public-health dynamic.

Daily report for April 27, 2020.

The large Illinois county says it's too early to say how it will close its more than $200 million gap, but it has reserves and is lobbying for federal relief.

Rate volatility is still evident on the buy side of the municipal market as bid wanted lists reflect redemptions or portfolio restructuring by investors, analysts said.

It is the underlying economy and demographics that drive tax revenues, budget needs, policy decisions, and capital needs/debt issuance of governments. Economic data is objective and updated often which can be critical in times like these.