Coronavirus

The Volunteer State reported a nearly 16% decline in revenues in April, much of which was due to stay-at-home orders and delayed tax filings.

The National League of Cities estimates only $8.8 billion of the $150 billion Coronavirus Relief Fund had gone to municipalities and counties under 500,000 population as of June 10.

Municipalities have been counting on another round of stimulus from the federal government.

The bond-funded New Jersey megamall has never fully opened and there's no timetable for reopening following the coronavirus-induced shutdown.

Asset managers maintain key strategies, but take advantage of post-pandemic opportunities amid overall stabilization.

Oregon's $320.4 million of taxable GO bonds were 7.7 times oversubscribed in some maturities.

Lynn Martin, president & COO of ICE Data Services, also owner of the New York Stock Exchange, talks about ICE's role in pricing, its municipal evaluation services and just how the municipal market itself is resilient. Chip Barnett, senior markets reporter hosts with another Lynn(e), innovation editor at The Bond Buyer.

Recovery seen next year, but rates stay low.

S&P cut its outlook on Berwyn, Illinois, GO and securitization bonds to negative over risks posed by the pandemic-induced economic shutdown and recession.

Spoiler alert: Not much. What makes a May Friday a relative oddity is that it was just the first time in 2020 the 30-year UST ended the day unchanged, the second longest span of continuous yield activity since the U.S. government began benchmarking maturities in the late 1970s.

A water advocacy group asked policymakers to create a muni bond short-note program specifically for water utilities.

If additional federal aid is not approved in July, one NLC official predicts there will be “a cratering of local budgets.”

The U.S. labor market has continued to heal at a relatively rapid rate through early June, St. Louis Federal Reserve researchers found, using real-time data that provides a more timely view than official government reports.

Flagship schools in Michigan, Ohio and Iowa made multiple coronavirus-related disclosures in their offering documents.

Many expect this recession, just officially announced Monday, could already be done.

Municipalities are making draws on reserves as revenues fall due to the pandemic.

Despite changes made to the Fed's Municipal Liquidity Facility, lawmakers say smaller communities in populous states are left out.

The New York mayor's move reflects a nationwide response to protesters in the aftermath of the death of George Floyd.

Mayor Lori Lightfoot and her finance team warn that this year's budget gap is getting bigger, and that painful choices are coming without federal financial aid.

The central bank will increase support for credit issued through the Main Street Lending Program while providing midsize firms with more flexibility on the amounts they receive.