March 18 Market Activity – A Focus on the Significant Pressure in the VRDO Market

Word that Washington, D.C. lawmakers are considering a stimulus package as extensive as $1 trillion is a positive development. While it may be too early to call a market bottom, it can be said that federal funds like the 2009 Recovery Act (was $831 billion) go a long way to helping stabilize economic action, but also state and local governments and other municipal bond market activity and credit quality.

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