News Formal

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%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

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

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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'.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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
Source: WSJ - 🏆 98. / 63 Read more »