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Career veterans call fallout from COVID-19 concerns on the municipal market worse than that of 9/11 and the 2008 financial crisis combined.

With a state budget deadline on the horizon, NY Gov. Andrew Cuomo is requesting revised revenue estimates that factor in the economic realities of fast-spreading virus.

As COVID-19 impacts the U.S. economy, muni market participants want to bring back tax-exempt advance refunding, raise the cap on bank-qualified debt, among others.

The 2017 Tax Cuts and Jobs Act continues to influence the composition of the municipal bond market.

As business and leisure travelers stay at home rather than risk infection, events small and large are cancelled, and business slows so sharply it shows that the longest U.S. economic expansion since the 1850s may finally hit the wall.

The stock market plunge amid the COVID-19 pandemic increases the risk of a revenue shock for California and other states that depend on capital gains taxes.

The PPI fell 0.6% in February, the biggest decline in over five years. The core rate fell 0.3%

“Anybody who’s having an event between now and May is considering what to do about it,” said Mike Nicholas, CEO of the Bond Dealers of America.

Michael Zezas, managing director of research at Morgan Stanley, notes that muni yields have not fallen as quickly as the Treasury equivalents and recession risk climbs the longer the coronavirus persists. Layer on top of those items the incipient oil competition and quite a storm is brewing. Even liquidity is becoming "disorderly." John Hallacy hosts.

Daily report for March 12, 2020.

Analysts say the development is another sign of financial stress at the beleaguered utility.

The sales tax that funded the Wisconsin stadium construction turns off this month.

The municipal market was hammered Wednesday by the COVID-19 pandemic with a more than quarter point correction in AAA benchmarks, issuers pulling deals off the shelves and more reports of pricing and evaluation confusion.

Benjamin, who is mayor of Columbia, South Carolina, will co-chair the law firm's public finance and affordable housing practices.

Wisconsin's capital finance director says the market offers savings on state bonds he never thought would be refunding candidates.

Congressional offices may decide to minimize or ban face-to-face meetings as virus concerns grow.

The commonwealth plans a $268 million GO sale two days after Gov. Charlie Baker declared a state of emergency.

The consumer price index rose 0.1% last month, but moist recent data has been collected pre-virus spread.

NAMA believes the order will strengthen protection for issuers in keeping with the recent reforms in the municipal market.

Gov. John Bel Edwards kicked off Louisiana's legislative session by asking lawmakers to share accurate details about the coronavirus with constituents.