The SEC encouraged issuers to provide investors with forward-looking information as to how the pandemic will affect future finances.
A premarketing wire indicated the deal could price at spreads 300 basis points north of benchmark yields. In Monday's trade, the rally begun last week continued.
The pandemic will damage the territory's ability to make debt payments it had previously expected to fund through fiscal 2025, according to a new fiscal plan.
S&P Global Ratings said balancing the state budget "will be met against a growing cloud of uncertainty” between the recession and COVID-19.
The congressional letter emphasizes that Congress wants the Fed to expand its support for the municipal bond market beyond the scope of the Municipal Liquidity Facility.
Texas suffered its worst sales tax plunge in 10 years as the pandemic began to grip the state's economy.
Taxable munis hold the distinction as being the largest positive sector year-to-date, up 2.81%. High-yield has been hammered, losing 10%.
Chicago’s motor fuel bonds, the city’s park district, and Cook County suffered rating or outlook cuts this week.
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A premarketing wire indicated the deal could price at spreads 300 basis points north of benchmark yields. In Monday's trade, the rally begun last week continued.
May 4 -
The pandemic will damage the territory's ability to make debt payments it had previously expected to fund through fiscal 2025, according to a new fiscal plan.
May 4 -
S&P Global Ratings said balancing the state budget "will be met against a growing cloud of uncertainty” between the recession and COVID-19.
May 4 -
The congressional letter emphasizes that Congress wants the Fed to expand its support for the municipal bond market beyond the scope of the Municipal Liquidity Facility.
May 4 -
Texas suffered its worst sales tax plunge in 10 years as the pandemic began to grip the state's economy.
May 1 -
Taxable munis hold the distinction as being the largest positive sector year-to-date, up 2.81%. High-yield has been hammered, losing 10%.
May 1 -
Chicago’s motor fuel bonds, the city’s park district, and Cook County suffered rating or outlook cuts this week.
May 1