The Coronavirus is Bringing Some Unforeseen Volatility to Munis
April 03, 2020 at 11:01 AM EDT
In the U.S. bond markets, municipal debt is seen as some of the most stable given that they’re backed by local governments albeit at lower-than-junk yields as most would expect. However, the coronavirus pandemic is injecting a healthy dose of unforeseen volatility in municipal bonds as mass-market...