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Control board head says recent natural disasters bring to light lack of investment
Corporate America is ploughing its excess cash into a wider range of assets
Indebted state would be first in US to be rated below investment grade
US state has more than $14.5bn of past-due bills from suppliers, writes John Dizard
S&P and Moody’s warn of additional downgrades after state fails to sign budget deal
Move is additional blow to the bank’s market share in muni bond underwriting
$2bn bond sale linked to an ambitious development dubbed New York City’s ‘last frontier’ scheme
Investors alert to further rise in volatility and any surprise from Opec
Local government debt retains its scarcity premium as flood of issuance remains on hold
Funds face deep losses after collapse of talks with island’s creditors
Move puts US territory on track for largest bankruptcy in muni bond market history
The island has not learnt from past international restructurings, says John Dizard
Fears over US tax reforms that could affect appeal of holding asset class abate
John Dizard wonders who will get paid when the island defaults on its muni bonds
Municipal and emerging market debt register strong inflows as stocks show fatigue
Rating agencies say they cannot raise the city’s credit rating yet
Stimulus talk is driving a sell-off but there is a positive side
Renewable energy and municipal bonds will lose big under Trump tax, says John Dizard
Compared with infrastructure of corporate debt, US municipal bond market is considered archaic
Restructuring body gives governor two weeks to draw up new fiscal plans
Key interest rate used to set some coupon payments moves to 70bp from zero in March
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