Municipal bonds market still strong

Many experts thought that with the filing of the largest US municipal bankruptcy the municipal bonds market might take a hit. However, the $3.7 trillion US municipal bond market seems to be doing fine in the wake of Detroit’s bankruptcy filing. In fact, general obligation bonds have seemed safer to investors after Detroit’s bankruptcy filing even though some Michigan cities are having some trouble borrowing in light of the Detroit bankruptcy.

For more read, “Detroit’s Bankruptcy Doesn’t Faze the Municipal Bond Market.”

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