High-Yield Munis Remain Sturdy Despite an Uptick in Defaults
August 16, 2021 at 15:09 PM EDT
The federal government heaped billions of dollars on states to help them tidy up their balance sheets in the wake of the coronavirus pandemic. However, municipal default rates ticked higher in 2020 and to this point this year. Yet that’s not damping the case for high-yield municipal bonds and...