Coronavirus

New deals thrive and inflows continue as Lipper reports $1.2 billion into municipal bond mutual funds.

The state's ratings, just one rung above junk, are holding steady after analysts' initial review of a fiscal 2021 budget that pins hopes on future federal relief.

S&P Global Ratings lowered the Port Authority’s special project bonds issued of behalf of JFK International Air Terminal LLC to BBB from BBB-plus.

Lawmakers stressed the importance to invest in infrastructure as a way for the country to recover from the pandemic.

Orange County tourist tax collections plummeted 97% from the year earlier to $765,900 in April, the largest decline ever seen.

Getting crisis leadership right is vital to the well-being of employees, customers, and ultimately the business itself.

The University of California and California State University systems are better positioned than many higher education peers to face the impacts of COVID-19.

Public pension plans already received their 2020 funding by the time that the initial economic shock wave of the pandemic occurred.

Chairman Patrick Foye said the designation will better position the authority to cope with the revenue loss from the coronavirus pandemic.

Fear of a second wave of illnesses will keep economy muted.

Phil Toews, CEO of Toews Corp., talks about all the recent market turmoil and what it means for the municipal bond market in general and high-yield munis specifically. Chip Barnett hosts.

Moody's sees the state's budget woes as posing the most severe strain on the junk-rated district's fiscal prospects

The bi-state agency can apply to use the Federal Reserve’s Municipal Liquidity Facility, if it chooses.

Public finance groups expressed hope the bill’s introduction will pave the way for consideration of municipal bond provisions.

All U.S. states will be able to have at least two cities or counties eligible to directly issue notes to the Municipal Liquidity Facility program regardless of population.

Illinois did not use its maximum amount of notes in the Fed program which could mean a possible expansion of eligibility for the muni program.

Comptroller Kevin Lembo forecast a $620 million fiscal 2020 deficit in his monthly update to Gov. Ned Lamont.

Some elder housing borrowers have also drawn on debt service reserves, violated covenants, or sought to restructure their bonds, said Moody's Investors Service.

Illinois said Tuesday it signed an agreement for the Municipal Liquidity Facility to purchase its one-year certificates. Closing is expected Friday.

The fragility of the economy amid protests and the continuing coronavirus threats have dealers unloading some risk.