The Next, Next Thing in 2020: What the Next COVID-19 Wave Means, Higher-Ed Enrollment Update, Supply & Demand

  • The number of new U.S. daily COVID-19 cases (65,327 as of Oct. 15, 2020) is the highest since August and the seven-day moving average is growing startling steeper. These results are causing many to forecast that the U.S. may be entering a second (or third) wave of infection.

  • Another round or even level of shutdowns, even if not as severe as March or April, could have a suffocating impact on the current budget and credit outlook.

  • Enrollment declines for fall 2020 were not quite as bad as what some anticipated, according to data in a new report showing enrollment at public 4 year higher-ed institutions was -1.4% and enrollment at private 4 year higher-ed institutions was -2.0% year-over-year.

  • The supply and demand dynamic continues to be in favor of investors as issuer are scheduled to bring $17 billion to market during the week of Oct. 19.

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