The Los Angeles and San Diego school districts warned that extraordinary costs mean their budgets may not balance.
Benchmark yields fell another 50 to 60 basis points, dropping them more than 1.5% in just four days. Meanwhile, a $450 million taxable new-issue came to market and was eight times oversubscribed.
A shutdown of large public gatherings due to virus's pandemic cost the Manhattan cultural organization its investment grade rating.
Arizent, the parent company of Bond Buyer, has conducted a broad industry survey on both the impact of the crisis and emerging responses. The survey probed continuity efforts and remote workforce enablement as well as planning and investments being pursued against future potential disruptions.
Ratings for convention center financings and for hotels build to support the venues are under pressure.
Federal Reserve Chairman Jerome Powell said the central bank will maintain its muscular efforts to support the flow of credit in the U.S. economy as Americans hunker down from the coronavirus pandemic.
Municipal benchmark yields were lowered by 60 to 80 basis points across the curve. Some trades pointed to nearly a 1% bump on short-term paper while state and local governments grapple with downgrades and revenue shortfalls.
The Department of Finance told department heads it will be re-evaluating budget requests under a workload budget scenario.
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Benchmark yields fell another 50 to 60 basis points, dropping them more than 1.5% in just four days. Meanwhile, a $450 million taxable new-issue came to market and was eight times oversubscribed.
March 26 -
A shutdown of large public gatherings due to virus's pandemic cost the Manhattan cultural organization its investment grade rating.
March 26 -
Arizent, the parent company of Bond Buyer, has conducted a broad industry survey on both the impact of the crisis and emerging responses. The survey probed continuity efforts and remote workforce enablement as well as planning and investments being pursued against future potential disruptions.
-
Ratings for convention center financings and for hotels build to support the venues are under pressure.
March 26 -
Federal Reserve Chairman Jerome Powell said the central bank will maintain its muscular efforts to support the flow of credit in the U.S. economy as Americans hunker down from the coronavirus pandemic.
March 26 -
Municipal benchmark yields were lowered by 60 to 80 basis points across the curve. Some trades pointed to nearly a 1% bump on short-term paper while state and local governments grapple with downgrades and revenue shortfalls.
March 25 -
The Department of Finance told department heads it will be re-evaluating budget requests under a workload budget scenario.
March 25