Fed Municipal Liquidity Facility (MLF) Pricing Revealed. Likely To Provide Life Line for COVID19-Impacted Municipalities.
May 11, 2020 – The Federal Reserve released pricing (see schedule below) for its Municipal Liquidity Facility (MLF) program today….
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…
One Year After California Quietly “Un-Banned” Wells Fargo From Muni Underwriting, The Bank Is Under Federal Investigation Again. Charges of Racism Taint Wall Street’s (Once) Favourite Bank.
May 7, 2020 – When making controversial decisions, politicians have learned that the best strategy is stealth. On April 3…
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,…
BREAKING: Federal Reserve Municipal Liquidity Facility (MLF) “FAQ” May Be Published Today
April 24, 2020 – Based on BuyMuni’s broker-dealer sources, the Federal Reserve is believed to be publishing its Frequently Asked…
How A Morgan Stanley Report Might Stymie Future Stimulus Bills To Assist U.S. Corporations
April 21, 2020 – A report by Morgan Stanley is being scrutinized by market participants and political staffers for concluding…
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…
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…
