Coronavirus

Local issuers in Texas also received authority to postpone bond measure elections that are slated for May.

Puerto Rico Gov. Wanda Vázquez Garced issued an order for all residents except a few classes of essential employees to remain at home.

Benchmarks showed again that the short end was being hit hardest — 30 basis points up on the one-year and at least 10 up on the long end, but the entire curve was being cut drastically. The primary market was again at a standstill.

Worries about the spreading virus prompt a shift to online and phone work.

Questions about the impact of COVID-19 surround the state-run authority, which operates New York City transit and is one of the largest municipal issuers.

Airports have nearly $100 billion in infrastructure debt that requires about $7 billion in airport bond principal and interest payments this year.

Tax-exempt municipal yields rose substantially last week causing the MSRB to take a look at trade data, said John Bagley, MSRB chief market structure officer.

With a significant decline in new infections in China, positive news may be ahead, one expert says.

When lawmakers cast the final vote on the 2021 budget, they won’t have updated revenue projections but other states and industries do.

State Comptroller Thomas DiNapoli released updated state revenue projections.

Authority Chairman Patrick Foye cited plummeting revenue as riders stay home because of COVID-19

The municipal market is dealing with a major liquidity event, with massive short-end selling.

MSD went to court to delay the $500 million bond measure slated for April 7, citing confusion and safety concerns surrounding the coronavirus.

GLWA has the flexibility to come to market as early as this week, but is monitoring the market in light of the COVID-19 impact.

The Federal Reserve continued its moves to minimize the effects of COVID-19 on the U.S. economy.

Hotels and restaurants are losing as much as 50% of their business in the District of Columbia due to the coronavirus.

The mall and entertainment venue shut its doors to combat the spread of the novel coronavirus, five months after its partial opening.

"I think it's way too early to determine how we're going to adjust the budget," the mayor said.

The municipal finance industry is dealing with minute-by-minute news of state-wide school closures, shuttered restaurants, curfews and canceled events. New issues are increasingly being put on the day-to-day calendar.

Muni market players may have to rely on more than their basic instincts as the economy heads into stormy weather.