Accessibility helpSkip to navigationSkip to contentSkip to footer

Cookies on FT Sites

We use cookies for a number of reasons, such as keeping FT Sites reliable and secure, personalising content and ads, providing social media features and to analyse how our Sites are used.

Accept & continue
Manage cookies
  • Sign In
  • Subscribe
Open side navigation menuOpen search bar
Financial Times
myFT
  • Home
  • World
    Sections
    • World Home
    • Global Economy
    • UK
    • US
    • China
    • Africa
    • Asia Pacific
    • Emerging Markets
    • Europe
    • Americas
    • Middle East and North Africa
    Most Read
    • Sunak plans corporate tax rise to bolster public finances
    • Scotland reaps dividend of Covid response that diverged from England
    • Why global Covid infections have plummeted
    • BoE governor warns EU over derivatives clearing power grab
    • Narendra Modi renames cricket stadium after himself
  • US
    Sections
    • US Home
    • US Economy
    • US Companies
    • US Politics & Policy
    Most Read
    • Sunak plans corporate tax rise to bolster public finances
    • Why global Covid infections have plummeted
    • GameStop shares extend surge in early trading
    • Joe Biden’s ‘snub’ signals a reset with Saudi Arabia
    • Joe Biden has a lesson in democracy for Angela Merkel
  • Companies
    Sections
    • Companies Home
    • Energy
    • Financials
    • Health
    • Industrials
    • Media
    • Professional Services
    • Retail & Consumer
    • Tech Sector
    • Telecoms
    • Transport
    Most Read
    • McKinsey’s Kevin Sneader voted out in leadership ballot after crises
    • Lucid takes on Tesla as electric vehicle competition hots up
    • J&J vaccine performs well against variants in boost for Covid battle
    • Estée Lauder agrees $1bn deal to buy owner of The Ordinary skincare
    • McKinsey partners sacrifice leader in ‘ritual cleansing’
  • Tech
  • Markets
    Sections
    • Markets Home
    • Alphaville
    • Markets Data
    • Capital Markets
    • Commodities
    • Currencies
    • Equities
    • Fund Management
    • Trading
    • Moral Money
    • ETF Hub
    Most Read
    • Australia sovereign wealth fund chief warns of stock market ‘clean-out’
    • NY attorney lasers Bitcoin’s key funding mechanism
    • Fed needs to ignore ‘taper tantrums’ and let longer rates rise
    • London should be centre of ‘Spac revolution’, says ex-LSE chief
    • Carbon bulls will not wait on the EU
  • Climate
  • Opinion
    Sections
    • Opinion Home
    • Columnists
    • The FT View
    • The Big Read
    • Lex
    • Obituaries
    • Letters
    Most Read
    • Joe Biden’s ‘snub’ signals a reset with Saudi Arabia
    • Joe Biden has a lesson in democracy for Angela Merkel
    • Why London should resist the Spac craze
    • The west is too obsessed with its colonial guilt
    • McKinsey: after the fall
  • Work & Careers
    Sections
    • Work & Careers Home
    • Business School Rankings
    • Business Education
    • Entrepreneurship
    • Recruitment
    • Business Books
    • Business Travel
    Most Read
    • Forced mediocrity can boost your creativity
    • Leaders’ Lessons: what can we learn from those at the top?
    • Toxic offices don’t change when they go virtual
    • Delta’s Ed Bastian: building staff loyalty to survive a crisis
    • The boardroom’s futile pursuit of purpose
  • Life & Arts
    Sections
    • Life & Arts Home
    • Arts
    • Books
    • Food & Drink
    • FT Magazine
    • House & Home
    • Style
    • Travel
    • FT Globetrotter
    Most Read
    • The fight to overcome vaccine hesitancy among African Americans
    • Budget 2021: the knowns and unknowns
    • UK ‘tax day’ will signal long-term government policy, experts say
    • How Belarus’s protesters staged a digital revolution
    • Stuffed squid with celery and orange — a Rowley Leigh recipe
  • How to Spend It
  • Sign In
  • Subscribe
MenuSearch
  • Home
  • World
  • US
  • Companies
  • Tech
  • Markets
  • Climate
  • Opinion
  • Work & Careers
  • Life & Arts
  • How to Spend It
Financial Times
  • Sign In
  • Subscribe

$50 for your first 3 months Get the print edition and steer from crisis to recovery

Subscribe now

Municipal bonds

Add to myFT Digest

Add this topic to your myFT Digest for news straight to your inbox

  • Friday, 15 January, 2021
    Investors race into munis as Biden announces stimulus plan to cash-strapped states

    President-elect’s proposed package of $1.9tn in aid bolsters appeal of even financially stressed localities

  • Monday, 11 January, 2021
    News in-depthCoronavirus economic impact
    Democratic sweep offers hope to cash-strapped states

    Control of US Senate opens possibility of fresh stimulus to plug budget holes caused by coronavirus

  • Monday, 14 December, 2020
    Chinese equities
    Global investors place Rmb1tn bet on China breakthrough

    Bonds, stocks and currency draw in buyers in a year when everything unexpectedly came together

  • Thursday, 10 December, 2020
    News in-depthNew York City
    New York City to tap debt market as investors look past Covid hit

    Fitch has warned pandemic dealing lasting blow to the largest US metropolis

  • Wednesday, 9 December, 2020
    News in-depthCapital markets
    Creditors to Argentina’s provinces fight to avoid painful restructurings

    Lenders form committee to push for better deals than those secured at national level

  • Friday, 6 November, 2020
    FTfmJohn Dizard
    Senate plays the grinch with distressed US states

    Republican majority keeps its veto on progressive spending and redistributive taxation

  • Thursday, 22 October, 2020
    Gillian Tett
    Eerie calm of municipal bonds belies US cities’ tax plight

    The $4tn market looks peaceful, but the real-world financial situation is alarming

  • Friday, 9 October, 2020
    News in-depthPuerto Rico
    Puerto Rico poised for new battle with bondholders

    Move to rewrite February’s restructuring deal inflames tensions

  • Wednesday, 3 June, 2020
    US economy
    Illinois taps Federal Reserve for $1.2bn emergency funding

    First loan from $500bn municipal liquidity facility aimed at easing virus impact

  • Promoted Content
  • Monday, 27 April, 2020
    Federal Reserve
    Fed extends municipal lending to smaller cities and counties

    Central bank broadens eligibility for $500bn facility as local governments come under strain

  • Tuesday, 14 April, 2020
    Fed faces blowback over plan to back some cities over others

    US central bank makes politically-charged decision to lend only to large localities

  • Thursday, 9 April, 2020
    Muni bond issuers and investors call for rapid relief from the Fed

    City of San Francisco complains that coronavirus fears have turned market ‘crazy’

  • Wednesday, 25 March, 2020
    News in-depth
    Investors hunt for bargains in $4tn US muni market

    Prices of debt sold by cities and states have sunk as funds have made grabs for cash

  • Friday, 20 March, 2020
    Federal Reserve
    Fed takes steps to support US municipal bond market

    Local government debt has sold off as cities and states deal with virus outbreak

  • Friday, 20 March, 2020
    FTfmJohn Dizard
    Weird price dislocations are shaping the $4.1tn US municipal bond market

    Coronavirus and financial storms have changed which are the cheapest fixed income relative value products 

  • Monday, 24 February, 2020
    ExplainerCharts that Matter
    ‘Gluttonous demand’ feeds rally in municipal bonds

    Yields touch lowest levels since 1950s following 56 consecutive weeks of inflows

  • Wednesday, 8 January, 2020
    News in-depth
    Climate change to raise costs for muni bond issuers 

    Storms brew for US cities as investors wake up to the risks of extreme weather events

  • Thursday, 12 December, 2019
    Corporate bonds
    Chinese corporate dollar bond default unnerves markets

    Analysts expect further failures as local governments remove support

  • Friday, 6 September, 2019
    FTfmJohn Dizard
    Chicago’s deficit heralds US pensions crisis

    New mayor Lori Lightfoot unveiled $838m shortfall last week

  • Friday, 30 August, 2019
    News in-depthFT Trading Room
    MarketAxess rise mirrors demise of Wall St traders

    Electronic bond-trading platform has delivered better returns than Netflix or Amazon

  • Thursday, 27 June, 2019
    Chinese business & finance
    China calls halt to surge in local government dollar bond sales

    Top policymaking body set to restrict cities and provinces to refinancing existing debt

  • Friday, 12 April, 2019
    Chinese economy
    China local governments flood market with $179bn in bonds

    Move is latest sign of Beijing’s efforts to stimulate growth

  • Thursday, 4 April, 2019
    News in-depthFTfm
    BlackRock analysis helps define climate-change risk

    Study says investors fail to price in effect of extreme weather on portfolios

  • Thursday, 28 February, 2019
    News in-depthHigh yield bonds
    Chinese state-linked debt unsettles bond investors

    Qinghai default highlights difficulty of assessing likelihood of government support

  • Thursday, 3 January, 2019
    FTfmJohn Dizard
    Scour the muni-bond backwaters for the best fixed-income assets
Previous You are on page 1 Next

Useful links

Support

View Site TipsHelp CentreContact UsAbout UsAccessibilitymyFT TourCareers

Legal & Privacy

Terms & ConditionsPrivacy PolicyCookiesCopyrightSlavery Statement & Policies

Services

FT LiveShare News Tips SecurelyIndividual SubscriptionsGroup SubscriptionsRepublishingContracts & Tenders
Executive Job SearchAdvertise with the FTFollow the FT on TwitterFT TransactSecondary Schools

Tools

PortfolioToday's Newspaper (ePaper)Alerts HubBusiness School Rankings
Enterprise ToolsNews feedNewslettersCurrency Converter
More from the FT Group
Markets data delayed by at least 15 minutes. © THE FINANCIAL TIMES LTD 2021. FT and ‘Financial Times’ are trademarks of The Financial Times Ltd.
The Financial Times and its journalism are subject to a self-regulation regime under the FT Editorial Code of Practice.
Financial Times

International Edition

  • Switch to UK Edition
  • Top sections
  • Home
  • World
    • Global Economy
    • UK
    • US
    • China
    • Africa
    • Asia Pacific
    • Emerging Markets
    • Europe
    • Americas
    • Middle East and North Africa
  • US
    • US Economy
    • US Companies
    • US Politics & Policy
  • Companies
    • Energy
    • Financials
    • Health
    • Industrials
    • Media
    • Professional Services
    • Retail & Consumer
    • Tech Sector
    • Telecoms
    • Transport
  • Tech
  • Markets
    • Alphaville
    • Markets Data
    • Capital Markets
    • Commodities
    • Currencies
    • Equities
    • Fund Management
    • Trading
    • Moral Money
    • ETF Hub
  • Climate
  • Opinion
    • Columnists
    • The FT View
    • The Big Read
    • Lex
    • Obituaries
    • Letters
  • Work & Careers
    • Business School Rankings
    • Business Education
    • Entrepreneurship
    • Recruitment
    • Business Books
    • Business Travel
  • Life & Arts
    • Arts
    • Books
    • Food & Drink
    • FT Magazine
    • House & Home
    • Style
    • Travel
    • FT Globetrotter
  • Personal Finance
    • Property & Mortgages
    • Investments
    • Pensions
    • Tax
    • Banking & Savings
    • Advice & Comment
    • Next Act
  • How to Spend It
  • Special Reports
  • FT recommends
  • Graphics
  • Lex
  • Alphaville
  • Lunch with the FT
  • FT Globetrotter
  • #techAsia
  • Moral Money
  • FTfm
  • Newsletters
  • Video
  • Podcasts
  • News feed
  • myFT
  • Portfolio
  • Today's Newspaper (ePaper)
  • Crossword
  • Our Apps
  • Help Centre
  • Subscribe
  • Sign In