Debt

Bond analyst Joseph Krist examines the types of debt most vulnerable to the coronavirus hit. He also discusses the Federal Reserve's Municipal Lending Facility. Recorded June 10. Paul Burton hosts.

House Natural Resources Committee Chairman Raul Grijalva last month introduced a bill to amend the 2016 Puerto Rico Oversight, Management, and Economic Stability Act.

The Securities Industry and Financial Markets Association survey indicates low interest rates will keep the environment for issuing debt favorable.

Bank qualified debt, also known as BQ debt and bank eligible, allows banks to deduct most of the carrying cost of those bonds as a business cost.

The Alternative Reference Rates Committee said the recommendations are part of its mandate to address risks in contracts that refer to Libor as part of the larger shift to the Secured Overnight Financing Rate (SOFR).

Fallback language is expected to be released before year-end by the Alternative Reference Rates Committee convened by the Federal Reserve and ISDA.

The muni market has been slow to embrace SOFR but the existing Libor benchmark is set to cease publication in 2022.

The NASBO report released Thursday showed some bright spots for state ledgers.

Michel Faulkner, the Republican candidate for New York City comptroller, discusses how he would manage the city's debt, and work toward spending controls and Housing Authority overhaul. Hosted by Paul Burton.

GASB seeks comments through Sept. 15.