Chairman Patrick Foye says that the outbreak has no material effect for now, and the authority promises to continue timely disclosure.
As COVID-19 wreaks havoc on global markets, munis try to keep pace.
S&P Global Ratings is postponing a March 31 forum on public housing bonds due to concerns about the outbreak of COVID-19.
As fear and uncertainty over COVID-19 rapidly grow, it has sent yields for both municipals and Treasuries to never before seen low levels — begging the question if we could see zero or negative yields here in the States?
The Metropolitan Pier and Exposition Authority updated its latest offering statement to warn of the risk posed to its bottom line as did two systems with upcoming deals.
The world remains on edge about the rapidly spreading COVID-19 and those fears once again have Treasury yields digging down even deeper. COVID-19 fears have now impacted fund flows, as municipals suffers outflows for the first time in 60 weeks.
It was a busy day in the primary, as the markets continue to deal with crosscurrents of COVID-19 and election results.
The municipal bond market is in for another action-packed week, with above-average issuance and COVID-19 still spreading rapidly.
Issuers tapping the market in uncertain times, but with certainty of low rates.
With each passing day, fears surrounding COVID-19 elevate as the equity sell-off pressed on. The biggest winners have and will continue to be muni issuers, as they are selling into a record low rate market.