Munis

Primary market COVID-19 disclosures increased to 2,926 filings from 2,529 the week prior. Continuing disclosures increased to 6,107 filings from 5,677.

The trend should continue, unless coronavirus-related enrollment losses force an end.

With about two weeks before the fiscal 2021 starts, the Florida Legislature still hasn't submitted a budget to Gov. Ron DeSantis.

New York, Texas and Pennsylvania issues headline the new-issue slate.

California blasts West Valley Water District for financial control failures, including awarding contracts without a bidding process.

Shifting to smaller annual increases — after a 36% turnpike hike in September, the first in eight years — is credit positive, according to one rating analyst.

Yields on the long end of the curve dropped as much as seven basis points while very short yields rose.

The bond-funded New Jersey megamall has never fully opened and there's no timetable for reopening following the coronavirus-induced shutdown.

The market looks forward to Thursday's $3.3 billion note deal from DASNY after handling a sizable calendar Wednesday.

The suit contends Aaron Zahn defrauded the Jacksonville municipal utility while trying to privatize it; eight high-ranking employees were suspended this week.

Flagship schools in Michigan, Ohio and Iowa made multiple coronavirus-related disclosures in their offering documents.

Municipalities are making draws on reserves as revenues fall due to the pandemic.

PABs represented 25.4% of all tax-exempt bonds issued in 2017, up from 21.5% in 2016.

The cities enter a primary municipal bond market prepared to absorb $9 billion of deals this week.

In secondary trading municipals ended weaker after a strong employment report.

The SEC has asked for more timely, voluntary disclosure from issuers of municipal bonds.

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

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

Bond lawyer Rebecca Lawrence has joined Ballard Spahr

The Wisconsin Center District deal provides some expansion financing and near-term debt relief after the agency was stung by lost conventions and tax revenue.