Collapse Is Happening, Cities Can't Sell Their Muni Bonds.

Collapse Is Happening, Cities Can't Sell Their Muni Bonds. | Economy:
"With yields on the U.S. municipal bond market rising, local issuers on Monday postponed another six bond sales, totaling $331 million, that were originally scheduled to price later this week.
Since mid-June, on the prospect that the Federal Reserve could change course on its easy monetary policy as the economy improves, the municipal bond market has seen a total of $2.6 billion in sales either canceled or delayed.
Last week a total of nine deals for $2.3 billion were postponed."