Washington

Federal Reserve Bank of Boston President Eric Rosengren said the roll-out of a new lending program for small-and-medium-sized U.S. companies may still be “another couple” of weeks away.

The package calls for reinstating advance refunding, Build America Bonds and tax credit bonds.

In a letter, three issuer groups made specific recommendations to the Federal Reserve and Treasury.

The primary market remained mostly on the sidelines with issuers slow to jump back into coronavirus-driven volatility while also awaiting Fed engagement.

The CARES Act gives the Federal Reserve and Treasury up to 10 days to begin purchasing municipal securities in the secondary market.

So far there have been over 200 COVID-19-related disclosures, according to Diver by Lumesis, a financial technology company.

Banks failed to convince the court that the lawsuit doesn't meet the legal hurdles for a false claims action.

The Federal Reserve has opened a temporary repurchase agreement facility for foreign central banks to support the smooth functioning of financial markets.

A more measured tone settled in on Monday as new deals begin to price in a coronavirus-weary marketplace. Municipal credit is beginning to come into focus.

Of $10 billion allocated in the CARES Act, public airports can use $7.4 billion for any lawful purpose, including the payment of debt service.