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Municipalities are making draws on reserves as revenues fall due to the pandemic.
June 9 -
A sticking point for dealers is the MSRB's proposal to reserve two seats on its board for municipal advisors.
June 8 -
The MSRB is seeking to reduce the size of its board to 15 members and to extend the "cooling off" period for bankers and muni advisors seeking seats as members of the public.
June 5 -
State and local governments have increasingly filed COVID-19-related disclosures to the market, but only about 931 issuers out of roughly 40,000 have filed over 1,500 material event notices and continuing disclosures since the pandemic began.
June 2 -
Dealer groups supported the MSRB's move, saying it would remove a disincentive to use the Fed's short-note program.
May 29 -
Issuers say the Treasury's intent was to open up COVID-19 funds for public safety costs.
May 27 -
An injunction was issued against U.S. Immigration and Customs Enforcement, which could impact a prison's facility's revenue bonds.
May 27 -
In March 2020, spreads skyrocketed to 97 basis points before dropping slightly to 88 basis points in April 2020.
May 19 -
The MSRB also said more municipalities have begun referencing CARES Act loans in their disclosures.
May 19 -
SIFMA released two new model documents to reflect the senior managing underwriter’s role to make standard disclosures as well as its own dealer transaction specific disclosures to keep up with changes to the MSRB's fair dealing rule.
May 13