Municipal Bond Yields are “Breaking Out”

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Municipal Bond Yields are “Breaking Out”

Municipal bond yields continue to “break out” as investors are (finally) coming to the realization that local governments, which lack their own printing presses, may have problems making good on their outstanding debt.  The Financial Times reports: The sharpest swings in the muni market have been seen in the $100bn so-called “Build America bonds” – […]

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Why Many States are on the Brink of Insolvency

Wondering why state governments, after decades of increased spending, are just now “all broke at once?”  This chart, courtesy of The Globe and Mail, says it all: The bottom line is that until tax revenue growth climbs again, the states are going to be hard pressed to stay solvent.  They can’t cut expenses fast enough […]

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