Fritsch, Nicholas; Bagley, John; Nee, Shawn - 2021
Municipal bond markets experienced a significant amount of strain in response to the COVID-19 crisis, creating … increased for municipal issuers. To aid municipal borrowing needs, the Federal Reserve implemented the Municipal Liquidity … Facility (MLF) on April 9, 2020. In this analysis we describe the municipal market conditions as they evolved during 2020, we …