Municipal bonds continue rally as issuance swells
Issuance remains robust Wednesday with an estimated $5.9 billion, said J.P. Morgan strategists led by Peter DeGroot.
Source: bondbuyer.com
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JPMorgan sees muni housing bonds besting other sectors next year
Debt issued by states to finance low-interest loans for first-time home-buyers or build affordable housing carry higher yields and are less volatile, so they typically perform better than other muni sectors when rates rise, said Peter DeGroot, head of municipal research and strategy at the biggest U.S. bank.
Source: nationalmortgagenews.com
Many states dodged financial rout from virus
Throughout the debate over stimulus measures, one question has repeatedly brought gridlock in Washington: Should the states get no-strings federal aid?
Source: finance-commerce.com
Virus Did Not Bring Financial Rout That Many States Feared
Grim forecasts held up for a few states, but many took in about as much tax revenue as before the pandemic — sometimes a lot more.
Source: nytimes.com
House Budget Bill Provides Needed Fiscal Aid for States, Localities, Tribal Nations, and Territories
The sizeable revenue shortfalls and added costs that many states, localities, tribal nations, and territories face due to COVID-19 call for added federal aid that’s temporary but significant.
Source: cbpp.org