$12 Billion Flows Out of Municipal Funds, Recent Monetary & Fiscal Policy

03/19/2020

  • There have been a total of 11,699 coronavirus cases reported in the U.S., 174 deaths, and 108 recoveries to date;

  • We saw $12.214 billion flow out of municipal mutual funds this past week according to Lipper data released this afternoon;

  • AAA MMD rose 50 basis points across the curve today;

  • We summarize some of the monetary and fiscal policies recently undertaken to combat the unprecedented steps being taken to contain spread of COVID-19;

  • U.S. airports remain pressured as activity slows substantially; and

  • The 5 WWII Lessons That Could Help the Government Fight Coronavirus: potential policy lessons by Mark R. Wilson, professor of history at UNC Charlotte.

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