Treasurys

The lineup of exclusively short-duration fixed-income products, taxable and municipal, still managed an overall gain.

The U.S. Treasury expanded its plans for the issuance of longer-term debt in coming months, after depending mainly on shorter-dated bills to fund the federal government’s record spending surge to address the COVID-19 crisis.

The rating agency affirmed the U.S. at AAA but said the outlook cut reflects ongoing deterioration in U.S. public finances.

The Federal Reserve has been proactive and the secondary market could be next up for assistance.

As COVID-19 wreaks havoc on global markets, munis try to keep pace.

As fear and uncertainty over COVID-19 rapidly grow, it has sent yields for both municipals and Treasuries to never before seen low levels — begging the question if we could see zero or negative yields here in the States?

MarketAxess Holdings will buy LiquidityEdge for $150 million.

Treasury Secretary Steven Mnuchin warned that the U.S. government will face a default in “late summer” unless Congress increases the debt ceiling.

Inflation took a step back, according to the Federal Reserve’s favorite indicator, while income edged up in March, ahead of this week’s Federal Open Market Committee meeting, suggesting the Fed will be able to remain patient on rates.

Newly issued Treasury securities held in stripped form increased about $1.155 billion in March to a total of $301.140 billion.