Tag: Municipal Bond Credit
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Municipal Bond Credit Report: While Bostic ‘not a fan’ of negative rates, he won’t rule them out
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Some investors recently contemplated negative U.S. Treasury rates and the three-month Treasury yield was negative for a few days, and although Federal Reserve officials have said they oppose negative rates, the possibility of reconsidering them exists… Link to Story
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Municipal Bond Credit Report: Federal Reserve muni lending facility charges big premiums
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Federal Reserve will charge issuers a premium — a baseline 150 basis points for triple-A issuers to 590 basis points for below investment-grade-rated issuers — to use its short-term municipal note purchasing program in what some analysts said is an effort to keep the Fed out of the municipal market…
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Municipal Bond Credit Report: Mnuchin says jobless numbers will ‘get worse before they get better’ — unemployment may have hit 25%
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Treasury Secretary Steven Mnuchin acknowledged Sunday that the U.S. unemployment rate may have already reached 25% as the administration works to reopen the economy amid the coronavirus pandemic. .. Link to Story
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Municipal Bond Credit Report: Coronavirus Slump Is Worst Since Great Depression. Will It Be as Painful?
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: News stories often describe the coronavirus-induced global economic downturn as the worst since the Great Depression… Link to Story
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Municipal Bond Credit Report: Why the Economic Recovery Will Be More of a ‘Swoosh’ Than V-Shaped
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Until recently, many policy makers and corporate executives were hoping for a V-shaped economic recovery from the coronavirus pandemic: a short, sharp collapse followed by a bounce back to pre-virus levels of activity… Link to Story
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Municipal Bond Credit Report: Despite Recent Bets, Fed Isn’t Likely to Consider Negative Interest Rates
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Federal Reserve officials are unlikely to consider using negative interest rates to stimulate economic growth in the current coronavirus-induced downturn after concluding the tool’s clear costs outweigh its uncertain benefits… Link to Story
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Municipal Bond Credit Report: April receipts fall 32% in Oklahoma as pandemic hits economy
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: April gross receipts to the Oklahoma treasury fell more than half a billion dollars as the coronavirus pandemic disrupted the state economy, Treasurer Randy McDaniel said Thursday… Link to Story
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Municipal Bond Credit Report: Minnesota and Ohio governors split on rainy day fund use for new budget gaps
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Minnesota must close a $2.4 billion budget hole after the COVID-19 pandemic put an end to the state’s long streak of budget surpluses… Link to Story
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Municipal Bond Credit Report: Support builds for direct federal aid to counties, municipalities
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Support is building in the House and Senate for direct federal aid to counties and municipalities in addition to separate funding for states to address their revenue shortfalls… Link to Story
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Municipal Bond Credit Report: Hard hit by COVID-19, New Orleans plans borrowing for operations
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: New Orleans plans to borrow money to help close a budget gap caused by the city’s response to the COVID-19 pandemic, which has caused lost revenue from tourism and events, business closings and stay-at-home orders… Link to Story