Congress Working on $2+ Trillion of Stimulus; Fed Provides More Targeted Support for Municipals

03/23/2020

  • There have been a total of 41,526 coronavirus cases reported in the U.S., 501 deaths, and 187 recoveries to date;

  • Congress is working toward a $2+ trillion stimulus package;

  • The Federal Reserve announced more extraordinary measures Monday morning, some targeted to the municipal market;

  • Update on primary market issuance trends, including what we are seeing with taxable municipals; and

  • AAA MMD Yields were unchanged at the end of Monday’s trading

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