Municipal Markets >>>
Harrisburg, the Pennsylvania capital, is poised to exit a fiscal quagmire after a half-decade of political paralysis and skipped debt obligations. Distressed municipalities nationwide should take note. Click here to continue reading.
A rally that drove California’s relative borrowing costs to a five-year low is faltering as investors speculate lawmakers will squander budget surpluses with the state entering an election year. Click here to continue reading sample article.
Illinois municipal bonds are set to rally from near-junk yield levels after lawmakers passed measures to help fix the worst-funded U.S. state pensions. Click here to continue reading sample article.
Note – today’s issue will download at the end of this presentation with our compliments.
Municipal investors looking for an escape from Puerto Rico, whose debt has lost the most since at least 2000, may find one almost halfway around the world in Guam. Click here to continue reading.
The Retrospective will download at the end of the video. Alternatively, click here to download
Detroit’s bankruptcy trial ended Friday without a ruling from the judge on whether the city can remain under court protection. Following more than eight hours of arguments by nine lawyers in federal court in Detroit, U.S. Bankruptcy Judge Steven Rhodes said he will issue a ruling after the city and its opponents file legal briefs this week about how labor law may [...]