Tag: Municipal Bond Credit
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Municipal Bond Credit Report: May sees biggest jobs increase ever of 2.5 million as economy starts to recover from coronavirus
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Employment stunningly rose by 2.5 million in May and the jobless rate declined to 13.3%, according to data Friday from the Labor Department that was far better than economists had been expecting and indicated that an economic turnaround could be close at hand… Link to Story
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Municipal Bond Credit Report: Where Employment Improved—and Where It Didn’t
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Employment rebounded broadly in May as companies reopened following coronavirus shutdowns. Among goods-producing industries, manufacturing showed strong gains… Link to Story
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Municipal Bond Credit Report: Fed Debates Whether to Reinforce Low-Rate Pledge With Yield Caps
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: To stimulate the economy in the past decade with interest rates pinned near zero, the Federal Reserve made promises about how long they would remain low… Link to Story
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Municipal Bond Credit Report: Long-term outlook for state pension plans uncertain
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Public pension managers in Illinois, Kentucky, and Missouri say public pension plans face much uncertainty although the COVID-19 pandemic has not yet had a significant impact on their plan finances… Link to Story
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Municipal Bond Credit Report: Pandemic decimates central Florida tourist tax collections
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: In Orange County, Florida, home to the second-largest convention center in the country and mega-theme parks, the coronavirus pandemic has decimated tourist development tax collections… Link to Story
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Municipal Bond Credit Report: As Covid-19 Closes Stadiums, Municipalities Struggle With Billions in Debt
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Two decades of using borrowed money to pay for new stadiums is coming back to haunt many cities across the country… Link to Story
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Municipal Bond Credit Report: Unemployment Rate Fell to 13.3% in May
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The May U.S. jobless rate fell to 13.3% and employers added 2.5 million jobs, early signs the labor market is mending after the coronavirus pandemic shut down parts of the economy nearly three months ago… Link to Story
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Municipal Bond Credit Report: Federal Reserve expands MLF program to allow more issuers to participate
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Federal Reserve is expanding the number and types of local governments eligible to use its short-term muni note program… Link to Story
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Municipal Bond Credit Report: Illinois Fed deal bodes well for future transactions
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Federal Reserve’s first short-term note deal with the state of Illinois is a good start to the federal program that could jump-start its use with more local governments… Link to Story
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Municipal Bond Credit Report: COVID-19 pushes already struggling senior living facilities into default
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The hard-hit senior living retirement sector continues to suffer from higher-than-anticipated expenses due to the novel coronavirus, pushing some facilities struggling before the pandemic into default… Link to Story