Washington

The National League of Cities estimates only $8.8 billion of the $150 billion Coronavirus Relief Fund had gone to municipalities and counties under 500,000 population as of June 10.

Municipalities have been counting on another round of stimulus from the federal government.

One day after the FOMC said it would keep rates where they are, the short-end of the yield curve inverted.

Recovery seen next year, but rates stay low.

Spoiler alert: Not much. What makes a May Friday a relative oddity is that it was just the first time in 2020 the 30-year UST ended the day unchanged, the second longest span of continuous yield activity since the U.S. government began benchmarking maturities in the late 1970s.

A water advocacy group asked policymakers to create a muni bond short-note program specifically for water utilities.

If additional federal aid is not approved in July, one NLC official predicts there will be “a cratering of local budgets.”

No real clear, universal definition of ‘green’ exists and it is complicating investor understanding of the market.

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

Despite changes made to the Fed's Municipal Liquidity Facility, lawmakers say smaller communities in populous states are left out.