Liquidity

A proposal from the Ohio Treasury would provide a new enhancement for state-purchased public university debt and offer a backstop for hospitals' VRDOs.

Congress should pass legislation that would allow Home Loan banks to backstop deposits by local governments at commercial banks and lower the cost of bond financing, two mayors argue.

Members of both parties raised concerns that the requirements for participating in the Municipal Liquidity Facility and Main Street Lending Program are too restrictive to benefit smaller localities and certain midsize firms.

The congressional letter emphasizes that Congress wants the Fed to expand its support for the municipal bond market beyond the scope of the Municipal Liquidity Facility.

Chris Brigati, managing director of Advisors Asset Management talks about approaching the market with strategies in mind, but adapting to the realities of today. He shares concerns over liquidity and the challenges for cautious investors. The session was recorded two weeks ago. John Hallacy hosts.

The central bank said its program to support money market mutual funds will also serve as a backstop for state and local governments.

Career veterans call fallout from COVID-19 concerns on the municipal market worse than that of 9/11 and the 2008 financial crisis combined.

Municipals will join corporates, Treasuries, agencies and certificates of deposit in the suite of products.

Improved liquidity, spreads, and flows prompt some first-quarter adjustments.

Strategists adjust their municipal holdings on signs the worst may be over after a difficult 2018.

Peter Hayes, head of municipals at BlackRock, says liquidity is sound and muni funds can cope with outflows. He says that among the larger factors in their daily decision-making is the status of an issuers’ pension and OPEB liabilities along with bond structure. John Hallacy is host.

With municipal yields rising more than they have in years, investors see a rare opportunity for fourth-quarter tax swaps.

The amount of outstanding variable rate demand bonds rose to $142.4 billion in the second quarter of this year, a gain over $142.2 billion in the first quarter and the end of a decade-long decline, Moody’s Investor Service said in a recent report.

Changes the Federal Reserve Board made in 2016 to its Liquidity Coverage Ratio rules would treat munis more restrictively than other, similar Level 2B high quality liquid assets.

An MSRB study gauges the effect exchange-traded funds may have on muni market liquidity, a key question in the minds of some regulators.

The web-based, shared content trading muni platform is adding new features and launching ETF and corporate bond software

California firm 280 CapMarkets offers cloud-based trading software for independent advisors.