We illustrate trends in 10-year treasury yields and highlight why companies need to be proactive and refinance loans and restructure debt before liquidity tightens.
What could possibly go wrong?
Governing.com: Municipal Bankruptcies Governing provides a dynamic map concerning municipal bankruptcies. It and ZeroHedge offer plenty of commentary, so we won’t regurgitate. For perspective, however, keep in mind the size of the municipal market is $3.7 trillion. Also, Warren Buffet has written $16 billion of municipal credit default swaps (CDS), which might imply that he believes …