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…
Opinion: New York’s Large Bond Issuers Must Do More To Elevate Black-Owned Public Finance Firms
June 5, 2020 – All things considered, the $4 trillion U.S. municipal bond market has been welcoming of Black-owned public…
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…
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…
COVID-19 Dislocations Widened Municipal Bond Effective Speads By ~50 bps
May 28, 2020 – Based on a recent report issued by the Municipal Securities Rulemaking Board (MSRB), the average effective…
Were U.S. Lockdowns For Nothing? J.P. Morgan Suggests The Answer May Be “Yes”.
May 21, 2020 – In a report issued yesterday, J.P. Morgan suggested lockdown policies in the U.S. may not have…
Dem-Sponsored “HEROES” Act Would Favor California, Not So Much New York.
May 20, 2020 – The Democratic-controlled House of Representatives passed the Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act…
Federal Reserve Releases “Notice of Interest” for Municipal Liquidity Facility Borrowers
May 15, 2020 – The Federal Reserve Bank of New York (“FRNY”) has released a Notice of Interest (NOI) for eligible…
NYC’s Personal Income Tax-Backed Bonds Receive Warm Investor Reception; Oversubscribed by 11x
May 13, 2020 – New York City’s premier credit – the AAA-rated Transitional Finance Authority (TFA) – received a warm…
