After a week in which all markets faced a historical whirlwind from the COVID-19 spread, Friday marked a somewhat calm tenor for the municipal market.
Uncertainty still abounds for the public finance space, as just before the market close, President Trump declared a national emergency. Meanwhile, states and cities across the country are closing schools, courts, national sporting events, and cutting back public transit. But Friday, at least, provided some reprieve from the five previous volatile days.
Triple-A benchmarks were steady, with some even seeing a few bumps, while participants await a new week in which issuers will see whether they can access the market.
Read more: Bond Buyer.
