Municipal Market Update – February 2020
Uncertainty surrounding the COVID-19 virus (Coronavirus) mounted the end of February, causing investors to flee from equities into safer treasury securities and driving down rates. On March 3, 2020 the Fed cut the overnight target rate by 0.50%. Following this announcement, the futures market is still predicting three more cuts by this time next year.
US Treasury Yield Curve
Our Municipal Market Update is data-driven, one page sheet that is intended to give you an overview of key interest rates – floating as well as the credit spreads of key local and state entities with data as of February 28, 2020. It is written for those making credit and investment related decisions for municipalities and non-profit institutions. If you have additional questions or would like to learn more about our municipal advisory and investment banking services, visit our Municipal Advisory page and contact Michael Stone, CFA.
Click here to access our Municipal Market Update.