Author: Karen Bigelow
Rising Sea Levels Pose Credit Risks for Coastal States. Florida May Be Particularly Vulnerable.
September 20, 2021 – In a report issued on Sept 17, Moody’s Investor Service wrote rising sea levels would pose…
Morgan Stanley: Fed Likely To Succeed In Spurring U.S. Inflation. Investors Say Municipal Bond Yields Have Risen As A Result.
September 14, 2020 – Morgan Stanley said the Federal Reserve’s recently-announced inflation-targeting framework will likely spur U.S. inflation. The so-called…
NYC Prices $1.4B GO Transaction. First Post-COVID Sale Locks In $240 Million In Savings.
August 27, 2020 – New York City priced its first General Obligation transaction since the onset of COVID-19. Based on…
NYC Selects Underwriters. Wells Is In. Goldman and Morgan Stanley Are Out. Minority Firms Achieve 33% of Book-Running Roles.
August 7, 2020 – New York City announced results of its recent procurement process this morning – selecting underwriting firms…
Betting Markets Point To 28% Probability of Democratic “Blue Wave”. Analysts: That’s Great for Munis!
June 15, 2020 – Based on betting market odds, research house Morgan Stanley computed a 28% probability (as of June…
Amid $61 Billion of Projected Revenue Declines, the Empire State Preps $3.5 Billion Cashflow Borrowing
June 9, 2020 – New York State kicked off pre-marketing today for a $3.4 billion Revenue Anticipation Notes (RANs), issued…
Wells Fargo Remedial Work To Lift Fed Asset Cap Delayed by COVID-19 Pandemic. Democratic VP Nomination May Further Impact Stock Price.
June 1, 2020 – At the Bernstein Strategic Decisions Virtual Confenrece on Friday, Wells Fargo Charlie Scharf said the bank…
Ahead of NYC’s First Post-COVID19 Bond Sale, Fitch and S&P Affirmed TFA (Personal Income Tax and Sales Tax Credit) at “AAA”, With Stable Outlook
May 9, 2020 – Ahead of a $726 million tax-exempt and taxable subordinate-lien bond sale next week, rating agencies affirmed…
Eager to Avoid PPP Controversies, the Fed Is Requiring Municipal Borrowers To Certify Loss of Market Access
April 27, 2020 – After markets closed, the Federal Reserve announced an expansion of the Municipal Liquidity Facility (MLF). Specifically,…
Bank of America Revised U.S. GDP Forecast. Expects 10.4% Cumulative GDP Decline in 2020 – Deepest Recession on Record.
April 2, 2020 – Bank of America’s U.S. Economics Team revised their economic forecast this morning, and now thinks the…
