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Municipal Bond Defaults Shake Up A Once-Sedate Market

TedTed
in The OT Bullpen
FYI: Municipal bond issuers have been in the news in recent years for all the wrong reasons, starting with places like Jefferson County, Ala., and Stockton, Calif., defaulting on their municipal bonds. Then Detroit filed for bankruptcy, with $18 billion in debt on its books.

And there’s Puerto Rico, which is struggling to make its bond payments — or decide which of its $72 billion in municipal bonds to default on.
Regards,
Ted
http://www.nytimes.com/2016/04/23/your-money/municipal-bond-defaults-shake-up-a-once-sedate-market.html?ref=your-money&_r=0
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