Unwinding such assets is complex and could mean losses as they are trading at deep discounts.
Demand for munis is cratering.
While the pandemic squeezed many budgets, most pensions fared well.
The supply of municipal bonds has been low because of federal stimulus money and a resurgent economy.
Vaccine distribution in the Big Apple is a snapshot of financial and racial inequality.
Investors are snapping up tax-exempt issuance as a buffer for potential tax increases.
A fund in Arizona looks to dedicate one out of every six dollars it manages to direct lending.
Supply issues in the municipal bond market have finally thawed out.
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