The lack of affordable housing is threatening school administrators' ability to attract and hire employees.
The muni market is dominated by individual investors who tend to get spooked by negative returns.
Republican opposition to ESG movement has spread to the credit rating companies.
Strong endowment returns have helped bolster schools' balance sheets, driving the borrowing surge.
Baby bonds are government-funded trust accounts issued to newborn children.
The value of bonds directly owned by households fell by $18 billion in the fourth quarter of 2021.
Long-term municipal issuance rose about 1.2% in 2021 to $460.6 billion.
New cases of the virus have forced an about-face that has people on edge.
Municipal issuers plan to power ahead with $16.6 billion of sales in the coming month.
Early results showed more bond measures passing than failing, but many of the races were tight.
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