×
-0.00605581885202736 -0.00605581885202736 -0.00605581885202736 -0.00605581885202736 -0.00605581885202736 -0.00515183429875363 -0.00394944707740906 -0.00394944707740906
Stockreport

The Hidden Risk In The Muni Bond Market [Seeking Alpha]

iShares GLOBAL TIMBER & FOREST (WOOD)  More Company Research Source: Seeking Alpha
PDF Summary There's a coming storm in the municipal bond market, triggered by the tiny city of Lamar, Colorado, which wants to avoid servicing its share of debt as part of a power cooperative because of a broader dispute. Should a court grant its request, it could create shockwaves throughout the muni bond sector. Sure, there is always a cry whenever a municipality defaults and, sometimes, investors extrapolate one case and argue that the muni bond market will implode. The point here is not to definitively say the sky is falling, but to uncover risk that most investors are probably entirely unaware of. The risk is significant in this case because of the precedent that would be set. In 1979, six Colorado municipalities created the Arkansas River Power Authority (ARPA), which would provide electricity to its members. Cooperatives form to spread the cost of electricity-creating plants instead of each city funding its own prohibitively expensive operation. In 2004, ARPA launch [Read more]

IMPACT SNAPSHOT EVENT TIME: WOOD
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
POST NEWS RANGE
%
PRICE CHANGE

PRICE CHANGE PERCENTAGE


S&P 500 (SPX)

%

VOLUME RATIO
%

VOLUME (SHARES)
TICKS

AVG SHARES PER TRADE

Don't Miss Out On The Next BIG Stock Move
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS
Opt-in for
WOOD alerts
from News Quantified