Washington

The 2017 Tax Cuts and Jobs Act continues to influence the composition of the municipal bond market.

“Anybody who’s having an event between now and May is considering what to do about it,” said Mike Nicholas, CEO of the Bond Dealers of America.

Congressional offices may decide to minimize or ban face-to-face meetings as virus concerns grow.

NAMA believes the order will strengthen protection for issuers in keeping with the recent reforms in the municipal market.

Bernie Sanders and Joe Biden are proposing to spend hundreds of billions of dollars that would require the support of lawmakers in both chambers of Congress.

When the Federal Reserve began expanding its balance sheet with quantitative easing, it was seen as an emergency measure. Yet a decade later, the Fed is again in jeopardy of hitting zero lower bound and its balance sheet remains large.

Richard Li, a pubic debt specialist for the city of Milwaukee, compared disclosing COVID-19 to disclosing a hurricane hitting localities on the Atlantic coast.

The markets continue to sink on virus fears, as even a 50 basis point rate cut by the Federal Reserve last week didn’t turn the markets around. The Fed meets again next week and many see more easing, but will those efforts prevent recession?

But EMMA will ultimately have to drill into disclosures to provide full transparency

Strong data and reassuring words from a Fed official couldn’t stop market virus fears from spreading.