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.
The comptroller called for passage of a federal rescue bill and measures to shore up the city budget.
The city and state haven't put dollar amounts on what they need but both were already facing budget and pension stresses before the public health crisis struck.
Cost cutting is underway at central Florida's Orlando International Airport due to a steep decline in flights and passengers amid the coronavirus outbreak.
The authority, which tapped its $1 billion credit line and received a warning shot from Moody's, says COVID-19 is a disaster that requires a national response.
Lipper reported a whopping $12.2 billion of outflows from municipal bond funds. Out of that huge number, $5.3 billion were from high-yield funds. The $12 billion figure of outflows in one week equates to about 3% of annual municipal volume.
Schools in 39 states had closed by Wednesday.
Local issuers in Texas also received authority to postpone bond measure elections that are slated for May.
Puerto Rico Gov. Wanda Vázquez Garced issued an order for all residents except a few classes of essential employees to remain at home.