Coronavirus

Although economic activity increased, an uncertain outlook clouds the future.

New York Federal Reserve President John Williams said the transition away from Libor “continues to be of paramount importance.”

S&P moved Michigan's outlook to negative this week. Fitch recently affirmed the state's stable outlook.

DFW reported present value savings of more than 27% from this week's current refunding of $489.5 million of tax-exempt bonds.

They are pushing the U.S. Senate for up to $36 billion, citing the devastating effects from COVID-19.

COVID-19 has put large burdens on state and local coffers and new business for the municipal bond insurers, generally, has increased.

The Governing Board of the Virgin Islands Public Finance Authority met Tuesday via videoconference and voted unanimously to execute the term sheets with Banco Popular and First Bank for $60 million in loans to fund government operations.

Illinois paper is trading at tighter spreads than it did amid the original coronavirus surge, though they remain much higher than in February.

Coronavirus-related disclosures last week reached to just over 600 filings, but it is still a far cry from just less than a month before which saw 1,200 filings.

Gov. Phil Murphy reached a deal with Democratic state legislative leaders to pass nearly $10 billion of borrowing to deal with COVID-19 pandemic revenue shortfalls. The deal faces a legal showdown with Republican leaders.