Aaron Weitzman currently covers a myriad of municipal topics on the sell side for The Bond Buyer. He is primarily responsible for covering the sell-side of the muni market, and often contributes to the daily coverage of the primary and secondary markets. Aaron also focuses in on bond insurance and underwriting businesses. Previously, he wrote for the fantasy sports website Rotoballer and covered the flooring industry for Hearst Business Media. He holds a bachelor’s degree in English writing from the University of Pittsburgh.
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Uncertainty still abounds for the public finance space, as just before the market close, President Trump declared a national emergency. Meanwhile, states and cities across the country are closing schools, sporting events, and cutting back public transit. But Friday, at least, provided some reprieve from the five previous volatile days.
March 13 -
Career veterans call fallout from COVID-19 concerns on the municipal market worse than that of 9/11 and the 2008 financial crisis combined.
March 12 -
The municipal market was hammered Wednesday by the COVID-19 pandemic with a more than quarter point correction in AAA benchmarks, issuers pulling deals off the shelves and more reports of pricing and evaluation confusion.
March 11 -
Uncertainty continues to hang over financial markets due to COVID-19. Stocks rebounded somewhat Tuesday while muni yields rose as much as 16 basis points — Tuesday saw a correction of sorts.
March 10 -
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?
March 6 -
The world remains on edge about the rapidly spreading COVID-19 and those fears once again have Treasury yields digging down even deeper. COVID-19 fears have now impacted fund flows, as municipals suffers outflows for the first time in 60 weeks.
March 5 -
It was a busy day in the primary, as the markets continue to deal with crosscurrents of COVID-19 and election results.
March 4 -
The Federal Open Market Committee cut the fed funds rate 50 basis points to a range between 1% and 1.25%. The decision to cut rates was unanimous.
March 3 -
The municipal bond market is in for another action-packed week, with above-average issuance and COVID-19 still spreading rapidly.
March 2 -
With each passing day, fears surrounding COVID-19 elevate as the equity sell-off pressed on. The biggest winners have and will continue to be muni issuers, as they are selling into a record low rate market.
February 28