Hurricane Florence Barrels Toward Unfazed Municipal-Bond Market
- North, South Carolina munis see little trading ahead of storm
- Even Hurricane Katrina didn’t cause municipal-bond defaults
This article is for subscribers only.
With more than a million residents evacuating as Hurricane Florence heads toward North Carolina, one would expect money managers to be unloading bonds sold by local governments in the path of what may be the strongest storm to pummel the region since 1954.
But they’re not.