Municipal Bond Forum
Supporting the municipal bond market
Q
I hear the Feds are going to assist the municipal bond market with $500 billion or more of purchases. Has it happened yet?
A
James A. Klotz responds:
The Federal Reserve announced last month it would buy $500 billion of municipal debt; details are still being worked out.
However, reports say House Democrats are putting the finishing touches on their next response to the pandemic.
The bill being drafted by Democratic leadership is expected to include more than $750 billion in aid to state and local governments.
No details have been disclosed yet.
We’ll keep everyone posted.
Start here.
Do you have specific criteria for bonds you’re looking for? Let us know and we’ll e-mail you bonds that fit your needs. There is no charge for this service.
This report is produced solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. This report is based on information obtained from sources believed to be reliable but no independent verification has been made, nor is its accuracy or completeness guaranteed.