Washington

The monthly drop collectively topped $60 billion.

State and local governments have increasingly filed COVID-19-related disclosures to the market, but only about 931 issuers out of roughly 40,000 have filed over 1,500 material event notices and continuing disclosures since the pandemic began.

Federal Open Market Committee members have been adamant that negative rates would be a last resort.

Greater pre-trade transparency has been a long-standing Securities and Exchange Commission goal.

The high court unanimously ruled the Oversight Board members do not need to be confirmed by the U.S. Senate under the Constitution’s Appointments Clause.

Gov. Phil Murphy’s $5 billion emergency bond plan to patch revenue gaps caused by the COVID-19 pandemic faces an uncertain future in the state legislature.

“We crossed a lot of red lines that had not been crossed before,” said Federal Reserve Chairman Jerome Powell.

The Financial Stability Board issued a statement April 2 affirming that it is sticking with plans to transition away from Libor by the end of 2021.

Dealer groups supported the MSRB's move, saying it would remove a disincentive to use the Fed's short-note program.

When the pandemic ends, the Fed must remove accommodation, unlike after the Great Recession.