
The Shield: March 2021 Municipal Market Update
Since we published our 2020 Mid-Year Market Update last June, the financial markets have calmed down from the historic turbulence experienced as a result of the COVID-19 pandemic

Since we published our 2020 Mid-Year Market Update last June, the financial markets have calmed down from the historic turbulence experienced as a result of the COVID-19 pandemic

It is just one month into calendar year 2021 and we are already seeing themes of the coming year emerge. Highlighted below are three themes to which our team is paying particularly close attention

There has been very little normalcy in calendar year 2020. We as a country, our communities, and each of us individually have taken on challenges over the last 10 months that we couldn’t have imagined prior to this year

Borrowers of long-term debt are always faced with this question: should we borrow on a fixed rate or a variable rate basis?

Effective July 17, 2020, through September 30, 2020, Nonprofit entities can obtain federal loan dollars through two different Main Street Lending Program facilities (NONLF [1], & NOELF [2])

Blue Rose has begun publishing weekly “Special Editions” of The Shield to address key municipal market topics as they develop

Last week, a bill entitled The Moving Forward Act was proposed in the U.S. House of Representatives that addresses many infrastructure needs of our country

In the 90-plus days since COVID-19 interrupted the 2020 Spring term in an historically unprecedented fashion, the credit rating agencies have moved quickly to measure the pandemic’s immediate and prospective impact upon higher education institutions across the country

It is evident that issuers and borrowers across the public finance sector – from States and State agencies to municipalities, from higher education to healthcare and other non-profit organizations – are working diligently to establish new budgets for the upcoming fiscal year

Tax-exempt capital market behaviors consistent with an early April snowstorm









