As the Federal Reserve continues trying to keep markets liquid as the stock market sinks, economic data are showing the effects of COVID-19.
BDA told Fed Chair Jerome Powell that two existing programs could help the muni market overcome the impact of the virus.
NASBA and the AICPA announced the decision after test administrator Prometric closed its test centers across the United States and Canada for 30 days.
Wall Street’s nonstop aggressiveness is clashing with the demands of a deadly pandemic.
Local issuers in Texas also received authority to postpone bond measure elections that are slated for May.
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.
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.
The bill provides paid sick leave, aid to states and food assistance.
Puerto Rico Gov. Wanda Vázquez Garced issued an order for all residents except a few classes of essential employees to remain at home.
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.