The municipal bond market enables more than 50,000 state and local governments, agencies, and authorities to fund a variety of public works projects. However, the breadth of the market and its tax advantages leave it subject to the mandates of regulatory agencies and legislators. Our municipal commentary helps you stay up to date on the latest market headlines and trends.

 

 

 

What We're Watching This Week: Third Wave, Election
2020, Government Relief
10/19/2020
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The Next, Next Thing in 2020: What the Next COVID-19
Wave Means, Higher-Ed Enrollment, Supply & Demand
10/16/2020
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Initial Jobless Claims Rise, State & Local Jobs Still
Below Financial Crisis Level, More Job Cuts Loom
10/15/2020
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Fed’s MLF Offered to Public Finance Entities, Municipal
Bond Market Should Be Extended
10/14/2020
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Heavy Supply, Positive Flows (Returned), Rising
Benchmark Yields in the Municipal Market
10/9/2020
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Still No Full Recovery for State & Local Governments,
nor Hours Worked
10/7/2020
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White House Walks Away from COVID-19 Relief Talk
Table
10/6/2020
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29 Days
10/5/2020
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President Trump Tests Positive
10/2/2020
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Election 2020: Results Will Impact the Economy,
Markets, and Municipal Bonds
9/29/2020
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How Long Will We Work From Home?
9/25/2020
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VIDEO: Fed Unchanged, Officials Discuss MLF and
Issuers Rushing to Sell Debt Before 2020 Elections
9/18/2020
WATCH VIDEO

 

 

 

Rush to Market Continues, $14 Billion of Municipal
Issuance Coming Next Week
9/18/2020
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"March to Common Ground" Bipartisan Proposal Calls
for $500 Billion for State/Local Governments
9/15/2020
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Municipal Issuers Rushing to Market Before
Election “Month”
9/14/2020
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Watching How U.S. Fiscal and Monetary
Policy Impacts the Municipal Bond Market
9/8/2020
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VIDEO: White House Kick Starts Phase Five Relief
Talks, Offers $300 Billion for State and Local Govt.’s
9/4/2020
WATCH VIDEO

 

 

 

In a K-Shaped Recovery, Governments and Non-Profits
Could Be Among Those That Fade
9/4/2020
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Hotel California (Such a Lovely Place), Unique Tax
Policies Under Consideration
9/2/2020
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State and Local Aid is Key Roadblock, Says
COS Meadows, But Offers $300 Billion
9/1/2020
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A (Possible) Step Closer in COVID-19 Negotiation,
COS Meadows on "Meet the Press"
8/31/2020
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VIDEO: Fed Announces Inflation Policy Shift, and
Air-Cargo Volume Supports Select U.S. Airports
8/28/2020
WATCH VIDEO

 

 

 

Still No Agreement, Mixed Sense of Urgency Despite
Historically Weak Data & Aid Requests
8/28/2020
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Passenger Volumes Still Muted, Air Cargo Volume
Supports Select U.S. Airports
8/27/2020
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Higher Education Sector Using Debt As COVID-19
Liquidity Buffer
8/26/2020
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RNC, Position of Strength Since Executive Actions, and
Implications for State/Local Govt. Relief
8/24/2020
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VIDEO: Recovery Stalls Further, MLF Backstops
NYMTA, and Odds Infrastructure Happens
8/21/2020
WATCH VIDEO

 

 

 

Contemplating Infrastructure, Chances Bond-Friendly
Elements are Included
8/20/2020
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The Fed Backstops $451 Million of NY MTA Notes
Despite Efficient Market Conditions
8/19/2020
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Politics and the Democratic Convention, Polls
Narrowing
8/17/2020
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VIDEO: Relief Talks Stalled and Municipal Ratings
Pressured
8/14/2020
WATCH VIDEO

 

 

 

If Taxes Go Higher, Demand for Municipals Will Also
Rise
8/14/2020
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Public Finance Downgrades to Outpace Upgrades,
Probably for Years
8/13/2020
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Fed Drops Municipal Backstop Pricing by 50 Basis
Points, Still Very High
8/12/2020
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“This is Not a Game,” Leader McConnell Said; Relief
Talks Have Stopped, Not Stalled
8/11/2020
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Something is Better than Nothing As President
Attempts to Assist But Offers No Adequate Alternative
to Congressional Action
8/10/2020
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VIDEO: Labor Market Stunted, Recovery & Negotiations
Halted, Strong Demand for Municipals Continues
8/07/2020
WATCH VIDEO

 

 

 

July Nonfarm Payroll Data Emphasizes Substantial
State/Local Government Job Reduction Since Feb.,
Despite Monthly Increase
8/07/2020
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Labor Market Stunted, Recovery Halted, Negotiations
Paused, and Strong Demand for Municipals Continues
8/06/2020
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Rating Agencies' Questions About US Governance and
Policy Gridlock
8/03/2020
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COVID-19 Spending to Date Not an Accurate Indicator
of Need
7/30/2020
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The HEALS Act: Republicans' Fifth Phase
Proposal, Almost Final
7/27/2020
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Fed Expands Main Street Lending Program Eligibility
to Include Nonprofits
7/23/2020
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Job Market Improvement Stalled, Implications for
Fiscal Policy Uncertain
7/23/2020
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COVID 5
7/21/2020
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Lines are Being Drawn
7/20/2020
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The Political Risk of Phase Five and the Next Three
Weeks
07/16/2020
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Municipals Shrug Off Reopening Rollback
7/14/2020
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President’s Tweet Not an Immediate Threat
7/10//20
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Public School Federal Funding, State/Local
Government Likely to See Aid, Jobless Claims
Elevated At Risk, MEI Index Falling Again
7/9/2020
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Mobility Index Falling in Select States, Warns Recent
Improvements Could Be At Risk
7/7/2020
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Jobs Up Again, Too Much Uncertainty from Reopening
Rollback, Spread of the Virus Still What Matters
7/2/2020
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No Municipal Debt Binge, and There Won’t Be One
7/1/2020
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