Colleges for years have been turning to private companies for student housing.
A U.S. Conference of Mayors analysis calls for an 8.1% drop in U.S. GDP and persistently high unemployment in cities.
Hurricanes have become more violent and more expensive because of climate change.
UBS specifically warns about bonds from higher education and health care issuers.
The penalties may not be attractive to cities and states given that the market’s interest rates are back near their lows.
When the coronavirus hit, it shut down many of the projects the star fund manager had financed.
Moody’s Analytics is advising policy makers to expect no less than a 10% hit to their general fund budgets.
The interest-rate hikes come as Wall Street’s municipal-bond desks are dealt blow after blow.
The Bond Buyer’s 20-year index of general-obligation bonds reset at 2.56% this week, the lowest since June 1956.
State and local government debt sales may surge to a record in 2020, according to forecasts.
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