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Coronavirus Fiscal Fallout on U.S. Muni Issuers Worries Investors

johnNjohnN
edited April 2020 in Other Investing
https://www.nytimes.com/reuters/2020/04/03/us/03reuters-health-coronavirus-municipals.html


https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSKBN21L37G


/Coronavirus Fiscal Fallout on U.S. Muni Issuers Worries Investors
By Reuters
April 3, 2020

CHICAGO — Investors in the U.S. municipal bond market are growing increasingly worried over the ability of states, cities and other debt issuers to weather the financial fallout of the COVID-19 pandemic caused by the novel coronavirus./


Article discusses covid19 nationalized shut down may cause major downturns and possible credit crunch due to limited/frozen states and local authorities lack of incomes. Muni bonds defaulting risks maybe much higher in the near future.

I think potus/congress/house maybe working to generate more bonds /govt bailouts to alleviate these stress in the near future.
More BAB anyone?

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