Theme: Muni Market

Muni Market Resilience: why the sell side headcount matters

In the not-too-distant past, various market observers predicted a wave of municipal bond defaults in 2011; the famous ex-bank analyst Meredith Whitney went further than most, expecting ‘hundreds of billions of dollars worth’ [of defaults] in the past year. This, of course, would have caused a seismic shock to a market already struggling with the current global macro crises.

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