Michigan, New York, Texas and New Jersey were among the big economies that showed the sharpest declines in our score of overall economic health last month. We also take a closer look at housing prices.
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The muni market's losses were likely driven by USTs, said Chad Farrington of DWS — but they could show the beginnings of weakening demand.
Cities with voter requirements face higher borrowing costs, a study found.
Washington, D.C. and the House Oversight Committee are squabbling over tax policy as the federal government weighs legislation that would prevent the city from raising taxes without Congressional approval.
"This is very good news for bankers because this value is portable," said study author Natasha Boreyko.
The Texas city needs higher rates in part to support future debt that would be issued for $1.1 billion of water supply projects that are underway.
Moody's and Fitch downgraded the school district's ratings.
