Munis finally corrected Thursday after UST yields prompted investors to reevaluate the "overstretched" asset class, NewSquare Capital's Kim Olsan said.
The default comes as charter school bonds have been the municipal sector with the most defaults this year.
The meeting, set for July 22 and July 23, will be the board's final quarterly meeting of fiscal year 2026.
Meanwhile, settlements in New York and California cases may be near.
The House Transportation and Infrastructure Committee renews a push for major FEMA reform that's endorsed by local governments while the Senate attempts to influence change from within the agency.
The grace periods are getting shorter.
