The recent surge in Covid-19 cases has brought more bad news for a municipal bond market already reeling from the impact of coast-to-coast shutdowns and record unemployment.
On Wednesday, the U.S. Virgin Islands Water and Power Authority narrowly avoided default. The utility got a badly needed reprieve when Chicago-based Nuveen LLC agreed to accept a $34 million payment due Wednesday on Aug. 31 instead.
Mainstream media: BLM/Antifa riots = good and doesnt spread covid. Everyday Americans getting together to grill = lock ‘em all up!
Assymptomatics.
Huh? But deaths are plummeting as fast as a meteor from space. Let’s test for bad breath nationally and note the numbers measured next to new low-interest loans. Hmmm. No, let’s not. That’s stupid.
Deaths
Did you see the jobs numbers?
Really? there's a problem? I thought we are creating so many jobs that we have to add a 52nd State to hold them all and avoid sending them offshore. JobsReport
And I understand that all the companies that are putting bonds out there are being bought up by the federal reserve which is just simply print the money they don’t actually do you know have to use real currency to purchase bonds so in the end the federal reserve will own a big ch
Maybe the cities should have thought about this before they let the protestors spread the virus in Democrat run cities. Don't they require permits for big gatherings like that?
Deaths down, cases up....WoW
called that one a month ago..........
All those pensions linked to municipal bonds. Sad situ
Yawn
Yeah but that jobs report! Gotta buy buy buy like sheep morons because things might have looked good 3 weeks ago!
Read the room.
While death rates continue to fall. More tests=more cases.
UH, deaths are way, way down. Do morons buy bonds? Mega testing means mega positives...colds are being marked positive. Phony logic in story. What story? Fear porn.
And what about the unemployment numbers
Keep negging.