BAM Muni Market Update - April 9, 2020
Channel: Build America Mutual (BAM)
Date: 2020-04-09

The municipal primary market showed additional signed of life for the week, with $4.9 billion par sold, up from less than $2.5 billion in the last two weeks -- and that came despite a shortened trading calendar due to the Good Friday holiday. The Federal Reserve's new plan to buy municipal notes from issuers facing cash-flow shortfalls due to the COVID-19 outbreak garnered market attention but did not drive an immediate response in the markets.

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