Municipal bond defaults in early 2012 were up dramatically — or down dramatically — depending on how you look at the data.
Distressed Debt Securities Newsletter has collected data through March 1 showing there were 23 defaults totaling $1.03 billion, an increase of 111.4% measured by par value. In the same period during 2011 there were 23 defaults totaling $492 million. By contrast, Standard & Poor’s Capital IQ found that for Jan. 1 to March 1 muni defaults were down by 37.6% measured by par value.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access