>https://www.ft.com/content/d71fb4be-6abc-11ea-a3c9-1fe6fedcca75

Federal Reserve takes steps to support US municipal bond market

Katie Martin in London, James Politi and Brendan Greeley in Washington and Colby Smith in New York MARCH 20 2020

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https://www.ft.com/content/d71fb4be-6abc-11ea-a3c9-1fe6fedcca75

As US cities and states in stricken areas have taken on the brunt of immediate spending for the public health response to the coronavirus pandemic, the $3.9tn municipal bond market has been wracked by volatility in recent days. Investors dumped the debt in droves, pulling $12.2bn from municipal mutual funds in the week ending on Wednesday, according to data from Lipper.