As we contemplate the state of the municipal market today, issuance and the strong demand for many types of municipal bonds provide an “all is well” feeling.
Budget season is always interesting as organizations look to their crystal balls to set goals for the coming year which inevitably includes the arduous task of resource management.
The second week of August saw municipal market disclosures related to the coronavirus pandemic reach almost record level highs of around 1,200 filings.
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Only about 2.5% of municipalities have filed coronavirus-related continuing disclosures due to uncertainty of how the pandemic will unfold.