Coronavirus

Cities and counties of fewer than 500,000 are seeing a fraction of the reimbursements for coronavirus spending that their larger counterparts received.

Tightening spreads and low yields ended the month as demand for municipal bonds is expected to overwhelm $6 billion in volume heading to the primary.

Consumer spending plunged while the Chicago Business Barometer fell in May.

Bond volume was 4.2% lower than it was a year ago but increased from March and April’s low totals.

Gov. Phil Murphy’s $5 billion emergency bond plan to patch revenue gaps caused by the COVID-19 pandemic faces an uncertain future in the state legislature.

The Financial Stability Board issued a statement April 2 affirming that it is sticking with plans to transition away from Libor by the end of 2021.

Gov. Tom Wolf is expected to sign five-month, $26 billion spending plan, intended to buy time to measure the hit from the effects of COVID-19.

Dealer groups supported the MSRB's move, saying it would remove a disincentive to use the Fed's short-note program.

Municipal to U.S. Treasury ratios have been a focus for many participants of late. Historically attractive ratios, low supply, and continued fund inflows are creating some strength in the municipal market.

A report from a University of Illinois task force examining the impacts of COVID-19 lays out projected job, income, and economic activity losses into next spring.

The transportation agency plans a refinancing to combat lost revenue from steep traffic declines during the COVID-19 pandemic.

Borrowing may not be the best way to replace revenue losses unless municipalities have good reason and the debt capacity to do so, former state officials said.

The South Carolina Legislature put in place strict oversight of the state-owned utility until they decide whether to sell it.

Economy still hurting as reopening in early stages.

Richard Taormina, portfolio manager and head of tax aware strategies at JPMorgan Asset Management talks about the effects COVID-19 is having on credits in the municipal bond market and why crossover buyers think this an attractive asset class. Chip Barnett hosts.

Hospital margins plunged in April and recovery prospects hinge on resuming elective procedures, which depend on patient sentiment and future COVID-19 surges.

Even with the news that New York City is looking to potentially borrow $7B through its Transitional Finance Authority as it faces $9B in lower revenues, the market didn’t blink and TFAs traded firmer.

Illinois lawmakers overhauled the proposed Chicago casino tax structure and awarded MPEA more flexibility to deal with its fiscal woes.

Issuers say the Treasury's intent was to open up COVID-19 funds for public safety costs.

GASB has announced that the requirement for the use of GASB 87 standard for lease accounting has been pushed back to fiscal years beginning June 15, 2021.