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How the Muni Market Became the Epicenter of the Liquidity Crisis

  • 📰 WSJ
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

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The coronavirus triggered a liquidity crisis in the nearly $4 trillion municipal-bond market, but the volatility that resulted has been brewing for a decade

Desperate sellers across most markets sold assets at deep discounts last month as the spreading new coronavirus left investors fearful and hungry for cash.

Perhaps no investment flipped from coveted haven to spurned hot potato as quickly as municipal bonds.The coronavirus pandemic is disrupting the global economy. WSJ’s Greg Ip explains what the Federal Reserve can do to stem the damage. Illustration: Carlos Waters/WSJ

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

Cities are raising property taxes in this slowing economy, instead of focusing on cutting costs or offering temporary paycuts to avoid layoffs. It is time for the Government to 'Go Lean'.

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 /  🏆 98. in KR

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Stocks on Track for Worst Quarter Since 2008U.S. stocks are headed toward their worst quarter since the financial crisis, a stunning blow for the market that few investors could have anticipated at the start of the year. Duh 'We're drowning and you're describing the water'...Thanks AsGoodAsItGets
출처: WSJ - 🏆 98. / 63 더 많은 것을 읽으십시오 »