"The U.S. muni bond market continues to trouble investors, and while there are some stand out worries (California, Illinois, New York), others are starting to crop up.
Maryland might be a serious concern if the spike in its CDS price is any sign.
According to Markit, the state is $1.6 billion short for its 2010 budget, and its pension fund has $33 billion unfunded.
In October, Maryland didn't even make CMA Datavision's top 11 states by default risk. Whether than will change now is unknown..."
at http://www.businessinsider.com/watch-out-maryland-your-cds-just-went-vertical-2010-12?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+clusterstock+%28ClusterStock%29#ixzz18InyWPgl
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