Municipal Bond Credit Report: May sees biggest jobs increase ever of 2.5 million as economy starts to recover from coronavirus
Municipal Bond Credit Report: Employment stunningly rose by 2.5 million in May and the jobless rate declined to 13.3%, according to data Friday from the Labor Department that was far…
Municipal Bond Credit Report: Where Employment Improved—and Where It Didn’t
Municipal Bond Credit Report: Employment rebounded broadly in May as companies reopened following coronavirus shutdowns. Among goods-producing industries, manufacturing showed strong gains… Link to Story
Municipal Bond Credit Report: Fed Debates Whether to Reinforce Low-Rate Pledge With Yield Caps
Municipal Bond Credit Report: To stimulate the economy in the past decade with interest rates pinned near zero, the Federal Reserve made promises about how long they would remain low……
Municipal Bond Credit Report: Long-term outlook for state pension plans uncertain
Municipal Bond Credit Report: Public pension managers in Illinois, Kentucky, and Missouri say public pension plans face much uncertainty although the COVID-19 pandemic has not yet had a significant impact…
Municipal Bond Credit Report: Pandemic decimates central Florida tourist tax collections
Municipal Bond Credit Report: In Orange County, Florida, home to the second-largest convention center in the country and mega-theme parks, the coronavirus pandemic has decimated tourist development tax collections… Link…
Municipal Bond Credit Report: As Covid-19 Closes Stadiums, Municipalities Struggle With Billions in Debt
Municipal Bond Credit Report: Two decades of using borrowed money to pay for new stadiums is coming back to haunt many cities across the country… Link to Story
Municipal Bond Credit Report: Unemployment Rate Fell to 13.3% in May
Municipal Bond Credit Report: The May U.S. jobless rate fell to 13.3% and employers added 2.5 million jobs, early signs the labor market is mending after the coronavirus pandemic shut…
Municipal Bond Credit Report: Federal Reserve expands MLF program to allow more issuers to participate
Municipal Bond Credit Report: The Federal Reserve is expanding the number and types of local governments eligible to use its short-term muni note program… Link to Story
Municipal Bond Credit Report: Illinois Fed deal bodes well for future transactions
Municipal Bond Credit Report: The Federal Reserve’s first short-term note deal with the state of Illinois is a good start to the federal program that could jump-start its use with…
Municipal Bond Credit Report: COVID-19 pushes already struggling senior living facilities into default
Municipal Bond Credit Report: The hard-hit senior living retirement sector continues to suffer from higher-than-anticipated expenses due to the novel coronavirus, pushing some facilities struggling before the pandemic into default……
