The Latest

The dramatic late-night step was the central bank’s third emergency lending facility in two days, after the Fed on Tuesday unleashed measures to support the commercial paper market and primary dealers.

The Money Market Mutual Fund Liquidity Facility, established under the central bank’s emergency authority, echoes a version that was set up during the global financial crisis.

3 Min Read
ASR_loandepotangeloak0327
By Glen Fest
March 19, 2020 1:00 AM

Although its share price has plunged alongside other mortgage REIT players during the coronavirus crisis, Chimera Investment Corp. (NYSE: CIM) this month is offering a vote in confidence in itself and its market.

2 Min Read

The bill provides paid sick leave, aid to states and food assistance.

5 Min Read
Puerto Rico Governor Wanda Vazquez Garced
Robert Slavin
March 18, 2020 4:19 PM

Puerto Rico Gov. Wanda Vázquez Garced issued an order for all residents except a few classes of essential employees to remain at home.

4 Min Read
BB-031820-municlose.png
Lynne Funk
March 18, 2020 4:19 PM

Benchmarks showed again that the short end was being hit hardest — 30 basis points up on the one-year and at least 10 up on the long end, but the entire curve was being cut drastically. The primary market was again at a standstill.

7 Min Read
“We are delaying the opening of ... [the] comment period until we have some certainty on what the current overall situation is,” said FHFA Director Mark Calabria.
March 18, 2020 3:45 PM

FHFA Director Mark Calabria said the health crisis will complicate the release of a proposal establishing new capital requirements for Fannie Mae and Freddie Mac.

2 Min Read
bogle-john.jpg
Allan S. Roth
March 18, 2020 3:15 PM

An imagined conversation with the legendary Vanguard founder about the coronavirus market crash.

4 Min Read
Paul Burton
March 18, 2020 2:47 PM

Questions about the impact of COVID-19 surround the state-run authority, which operates New York City transit and is one of the largest municipal issuers.

5 Min Read
coronavirus-concept.jpg
Richard Asquith
March 18, 2020 2:33 PM

One strategy being used across international regions is to utilize value-added tax measures as a flexible and effective response to the economic slowdown.

2 Min Read
March 18, 2020 2:18 PM

Airports have nearly $100 billion in infrastructure debt that requires about $7 billion in airport bond principal and interest payments this year.

5 Min Read