Add this topic to your myFT Digest for news straight to your inbox
Investors looking for safer products should look to the municipal bond market, writes John Dizard
Municipalities across the US in race to issue debt before sweeping tax code changes
Authorities rush to issue more than $20bn this week before Washington cuts exemptions
Price of ethical paper set to rise as supply struggles to satisfy investor demand
State’s budget deal over the summer paves way for largest sale in more than a decade
The municipal bond market, worth $3.8tn, suffers outflows after president speaks out
Years of borrowing had left the economy in a precarious state. Now in need of multibillion-dollar aid, will it ever be able to pay its debts?
But a write-off needs to be part of a wider economic plan for the island
US president suggests island’s Wall Street creditors will be wiped out by hurricane
Shockwaves sent through $74bn market after president says ‘you can say goodbye’ to bonds
Control board head says recent natural disasters bring to light lack of investment
Corporate America is ploughing its excess cash into a wider range of assets
Indebted state would be first in US to be rated below investment grade
US state has more than $14.5bn of past-due bills from suppliers, writes John Dizard
S&P and Moody’s warn of additional downgrades after state fails to sign budget deal
Move is additional blow to the bank’s market share in muni bond underwriting
$2bn bond sale linked to an ambitious development dubbed New York City’s ‘last frontier’ scheme
Investors alert to further rise in volatility and any surprise from Opec
Local government debt retains its scarcity premium as flood of issuance remains on hold
Funds face deep losses after collapse of talks with island’s creditors
Move puts US territory on track for largest bankruptcy in muni bond market history
