Natural··Severity 7
Muni Market Has Worst July Since 2003, Veering From Typical Summer Pattern
US state and local government debt is on track to notch its weakest July in more than two decades, as rising benchmark Treasury yields and a flood of new issuance take a toll on what usually is one of the strongest months for the $4 trillion market.
Scenario chain
Probabilities below are model estimates based on the event chain, horizon, and indicators. They are not outcome guarantees, investment advice, or emergency instructions.
A
32%Эскалация
Forecast derived from cascade analysis. Watch confirmation indicators below.
Primary source: Bloomberg Markets
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