Prior to the Great Recession, interest rates on municipal bonds were generally lower than Treasury rates. This relationship has reversed since 2008, imposing substantial extra costs on state and local government borrowers. Further, the municipal bond market witnessed major interest-rate spikes in the aftermath of Wall Street analyst Meredith Whitney’s dire (and errant) 2010 warning of widespread bond defaults and the Detroit bankruptcy.
- Puerto Rico City Shuts Down Due to Lack of Funds – More on the Way?
- New Tool to Increase Transparency in Government Finance Released by University Research Center
- The Missing Information That Municipal Bond Investors Need
- Treasurer’s New Web Site Reveals a Bad Deal for Fullerton Taxpayers
- Riverside County Taxpayers Get Raw Deal on Community Facility District Bonds