- The timing of the Fed's taper decision and the horror show over the country's debt ceiling are captivating the markets, but evolving municipal fundamentals are a bigger story for muni investors.
- The situation in Detroit reveals a number of key elements that are also significant throughout the municipal market--including the role of bond insurance and use of derivatives, as well as pension and retirement liabilities.
- In the aftermath of Detroit, market participants have cast a critical eye on other stressed municipalities--especially Puerto Rico, whose debt is widely held and, if impaired, could have a wide-ranging impact.
To view this article, become a Morningstar Basic member.
Already a member? Sign in
Jeff Westergaard does not own shares in any of the securities mentioned above. Find out about Morningstar’s