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The Municipal Liquidity Facility will purchase up to $500 billion of short-term notes.

Daily report for April 09, 2020.

The city is projecting a $100 million deficit in its current budget once the public health crisis caused by COVID-19 eases, Mayor Mike Duggan said.

The market appears to be moving toward some semblance of normal conditions as the new-issue pricings and moderating bid volume create a more stable tone.

The review by Moody's Investors Service comes as the district is working on new money and refinancing deals.

COVID-19 will have a lasting impact on economic prosperity, said Federal Reserve Bank of Chicago President Charles Evans.

He served a third of his career as a senior managing director of Citi’s Institutional Clients Group, a role from which he retired in June 2019.

Policymakers saw risks pointing to the downside and warranting a “forceful” response, according to a record of their emergency gathering on March 15.

The deal to buy 200 million masks a month will help California's medical workers while pressuring its state budget.

Moody's Investors Service revised the Pennsylvania regional health system to negative citing revenue risks from COVID-19.

The housing market may turn out to be a big factor in how fast the U.S. economy recovers.

Stay-at-home orders and school closures driven by COVID-19 have cut traffic in half or more on many toll roads and bridges.

Leading Democrats support Mitch McConnell's $250 billion for small businesses and want another $250 million for hospitals and state and local governments.

The council wants to focus on the social safety net in light of the COVID-19 pandemic.

The COVID-19 crisis has stretched many hospital groups, notably in Greater Boston, to their limits.

Daily report for April 08, 2020.

Financial advisors in the municipal bond market accumulated $74.48 billion, up from the $65.03 billion in the first three months of 2019. The top four places remained the same but the rest of the top 10 all saw big changes.

Despite a muted month of March due to the COVID-19 pandemic which included two weeks of no negotiated deals, muni bond issuers still sold more long-term debt than they did during the first three months of 2019. Issuers accounted for a total of $84.87 billion of bonds throughout 2,119 transactions, compared to $75.84 billion in 1,809 deals in first quarter of 2019. The top 10 features five newcomers from a year ago, including the top spot.

Underwriters of municipal bonds did the majority of business during the first two months of the year, before COVID-19 swept the country with sickness and severe spreading. The top underwriters accounted for $87.84 billion of bonds throughout 2,119 transactions, compared to $75.84 billion in 1,809 deals in first quarter of 2019.

Laura Kelly is promoting the plan as an economic stimulus.