Investments

The mass transit authority cannot tap the Municipal Liquidity Facility directly, chief financial officer Robert Foran said.

William Sims, managing principal, and Jim Bodine, executive vice president, of Herbert J. Sims & Co., offer some perspective and proportion around the impact of COVID-19 on the senior living industry and associated investments.

The primary, meanwhile, digested a massive $1.12 billion bond offering from New York Power Authority. The entire deal was structured to mature later than 2045 and a good portion of it was designated green bonds.

The COVID-19 pandemic has dragged the tourist city to the verge of junk status.

Theme park and business closures and hospitality industry layoffs will make recovery difficult for Orange County and the Orlando region.

According to the survey that Tom Kozlik prepared, more than 90% of 211 analysts and specialists found coronavirus the most compelling issue facing the public finance industry. Public pensions ranked second.

The market isn't facing 50-basis-point swings, but its footing is still off as participants grapple with the long-term effects of the pandemic. New deals are getting pulled and New York Power is about to issue bonds maturing in 2060.

Illinois tentatively plans to sell $1.2 billion of certificates next week and $1 billion of bonds the following week.

The utility envisions a digital power grid and clean energy transmission, with this sale setting the stage.

In a weekly COVID-19 disclosure report released Tuesday, included among the hundreds of disclosures were two unscheduled draws on debt service reserves.

The ultimate impact of the bear market on pension risks is likely to vary widely among issuers, making granular analysis more important and valuable.

William Glasgall of the Volcker Alliance explores deficits, budget cuts, rainy-day funds and borrowing options amid the COVID-19 pandemic. Paul Burton hosts.

Issuers bringing taxable deals this week should see robust buying interest as the strong performance of the corporate market has pushed yields down, making double-A taxable municipal bond yields attractive for corporate investors in the 21% tax bracket.

The system's offering statement presents a detailed picture of the pandemic's impact so far.

The municipal bond market will see more supply hit the screens this week as buyers await much needed issuance and sellers hope for improved liquidity.

Although the pandemic disrupted regular Manhattan-Ogden school operations for the rest of the school year, there's been the small silver lining that construction crews on several district bond projects can start their work, or at least preparation for it, a little earlier.

For the second time in two weeks, a rating agency lowered the Port Authority of New York and New Jersey's outlook.

The large Illinois county says it's too early to say how it will close its more than $200 million gap, but it has reserves and is lobbying for federal relief.

Rate volatility is still evident on the buy side of the municipal market as bid wanted lists reflect redemptions or portfolio restructuring by investors, analysts said.

Size, timing and structure hinge on market variables, senior manager Jefferies said.