COVID-19 Weekly Briefing - Latest Movements in the Capital Markets

During the April 17, 2020 Weekly COVID-19 Development Finance Briefing, panelists discussed the latest movements in the capital markets. Speakers included Mike Decker with the Bond Dealers of America, Eric Kazatsky with Bloomberg Intelligence, Tom Jacobs of Moody's, and Ken Neighbors from McGuireWoods.

Note: The audio may take several seconds to play due to the large size of the file.

CDFA COVID-19 Resource Center
CDFA COVID-19 Comprehensive Recovery Strategy
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Agenda

Opening Remarks - 0:00
Katie Kramer, Moderator
Vice President
Council of Development Finance Agencies

Covering:

• Development Finance responses to the COVID-19 crisis
• CDFA COVID-19 Resource Center
• CDFA COVID-19 Recovery & Relief Update – Weekly Newsletter

Latest Movements in the Capital Markets - 6:10
Eric Kazatsky
Head of Municipal Strategy
Bloomberg Intelligence

Mike Decker
Vice President of Policy and Research
Bond Dealers of America

Ken Neighbors
Partner
McGuireWoods LLP

Tom Jacobs
Senior Vice President, Public Finance
Moody’s Investor Service

Covering:

• NPR | Market reactions to COVID-19: Stocks decline after record-low numbers
• Treasury Approves New Municipal Liquidity Facility to Aid States, Counties, Cities
• BDA Response to Capitol Hill, Treasury, Fed Action Related to COVID-19
• Muni Bond Market Reviving After Fed Moves to Ease Cash Crunch
• Moody’s: Fed’s liquidity facility will help state and local governments cope with coronavirus crisis
• Moody’s: Stress-Testing States: COVID-19

Panel Discussion & Audience Questions - 30:18
Katie Kramer, Moderator

Covering:

• Coronavirus Relief Fund – U.S. Department of the Treasury
• Municipal Liquidity Facility – Federal Reserve | MLF Term Sheet
• Reactions in the capital markets
• Issuer confidence
• Public finance outlooks

About the Weekly COVID-19 Development Finance Briefings

CDFA hosted weekly briefings about development finance COVID-19 news and resources. These one-hour phone calls featured legislative updates, news from our members, state and local financing strategies, and lessons learned from previous development finance responses to disasters. The briefings were held every Friday at 1:00 PM (Eastern) from March 27 - May 15, 2020

Learn More