Municipal Bond Credit Report: While Bostic ‘not a fan’ of negative rates, he won’t rule them out
Municipal Bond Credit Report: Some investors recently contemplated negative U.S. Treasury rates and the three-month Treasury yield was negative for a few days, and although Federal Reserve officials have said…
Municipal Bond Credit Report: Federal Reserve muni lending facility charges big premiums
Municipal Bond Credit Report: The Federal Reserve will charge issuers a premium — a baseline 150 basis points for triple-A issuers to 590 basis points for below investment-grade-rated issuers —…
Municipal Bond Credit Report: Mnuchin says jobless numbers will ‘get worse before they get better’ — unemployment may have hit 25%
Municipal Bond Credit Report: Treasury Secretary Steven Mnuchin acknowledged Sunday that the U.S. unemployment rate may have already reached 25% as the administration works to reopen the economy amid the…
Municipal Bond Credit Report: Coronavirus Slump Is Worst Since Great Depression. Will It Be as Painful?
Municipal Bond Credit Report: News stories often describe the coronavirus-induced global economic downturn as the worst since the Great Depression… Link to Story
Municipal Bond Credit Report: Why the Economic Recovery Will Be More of a ‘Swoosh’ Than V-Shaped
Municipal Bond Credit Report: Until recently, many policy makers and corporate executives were hoping for a V-shaped economic recovery from the coronavirus pandemic: a short, sharp collapse followed by a…
Municipal Bond Credit Report: Despite Recent Bets, Fed Isn’t Likely to Consider Negative Interest Rates
Municipal Bond Credit Report: Federal Reserve officials are unlikely to consider using negative interest rates to stimulate economic growth in the current coronavirus-induced downturn after concluding the tool’s clear costs…
Municipal Bond Credit Report: April receipts fall 32% in Oklahoma as pandemic hits economy
Municipal Bond Credit Report: April gross receipts to the Oklahoma treasury fell more than half a billion dollars as the coronavirus pandemic disrupted the state economy, Treasurer Randy McDaniel said…
Municipal Bond Credit Report: Minnesota and Ohio governors split on rainy day fund use for new budget gaps
Municipal Bond Credit Report: Minnesota must close a $2.4 billion budget hole after the COVID-19 pandemic put an end to the state’s long streak of budget surpluses… Link to Story
Municipal Bond Credit Report: Support builds for direct federal aid to counties, municipalities
Municipal Bond Credit Report: Support is building in the House and Senate for direct federal aid to counties and municipalities in addition to separate funding for states to address their…
Municipal Bond Credit Report: Hard hit by COVID-19, New Orleans plans borrowing for operations
Municipal Bond Credit Report: New Orleans plans to borrow money to help close a budget gap caused by the city’s response to the COVID-19 pandemic, which has caused lost revenue…
