Category: Budgets
Citi’s Controversial Recommendation: Issuers Should Issue More Debt
June 28, 2020 – In a report issued yesterday, Citi’s Municipal Research team recommended state and local governments undertook “aggressive…
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…
Fed Expands Municipal Liquidity Facility (MLF); New York’s MTA Seen As Notable Beneficiary
June 3, 2020 – The Federal Reserve Board announced an expansion in the number and type of entities eligible to…
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,…
Fed’s Muni Liquidity Facility May Have Few Takers. “Badly Designed”, Says a Bulge Bracket Public Finance MD.
A portion of the article below was previously published on April 14, 2020. April 17, 2020 – The investor community…
Opinion: Buyer of One – Why The Federal Reserve’s Municipal Liquidity Facility Will Worsen Muniland’s Long-Term Outlook.
April 14, 2020 – The Federal Reserve brought their “bazooka” into #Muniland last week, promising (guidelines are pending) to purchase…
Fitch Revised New York State “Outlook” to “Negative”. Says State May Need To Tap $10B Short-Term Liquidity.
April 11, 2020 – Fitch Ratings revised its outlook on New York State from “Stable” to “Negative” on Friday. This…
As Fear Grips Investors, Muni Players Ponder: Do Dark Clouds Lie Ahead?
February 24, 2020 – The Dow Jones Industrial Average lost 3.56%, or 1,031 points on Monday, while the S&P 500 and Nasdaq fell 3.35% and 3.71%,…
Stocks Plummet. 30Y Tsy at 1.8%. It’s A Very Mixed Outlook for Municipals.
February 24, 2020 – As of this morning, fears of a prolonged #coronavirus outbreak and potential Bernie Sanders’ Presidency tanked…
