In the MSRB’s first report showing data from March 24, trades topped 87,215, which is likely a record, said Marcelo Vieira, MSRB director of research.
The rating agency, citing severe ridership drops from COVID-19, dropped its rating to A-minus from A. It assigns a negative outlook.
The central bank will prioritize monitoring and outreach while reducing examination activity due to the coronavirus pandemic until at least the end of April.
Public finance advocates said the Senate bill has been broadened to authorize the Federal Reserve to purchase all types of bonds that are sold on the secondary market.
We've had many chances to learn, from the dot-com bust to the 2008 financial crisis. But the storm is perhaps most applicable to our current situation.
The economic dislocations brought by COVID-19 led Fitch Ratings to drop the Long Island county to BBB-plus.
The timing of a $1.5 billion deal California had planned to price Thursday is no longer firm amid massive dislocations in the markets.
A big New York State Empire Development Corp. private placement is likely to be followed by more until the municipal primary starts functioning again.
Real estate investor Tom Barrack said predicted a “domino effect” of catastrophic economic consequences if banks and government don’t take prompt action to keep commercial mortgage borrowers from defaulting.
The comptroller called for passage of a federal rescue bill and measures to shore up the city budget.