◀ The Principal Blog

Posts by Mary Catherine Messner, Senior Analyst - Municipals, Principal Global Fixed Income

Righting Detroit’s Municipal Ship: Just the Beginning or Bon Voyage?



On November 7, U.S. District Judge Steven Rhodes approved Detroit’s plan to exit bankruptcy, or its plan of adjustment. This paves the way for the city to resolve the largest municipal bankruptcy in U.S. history only sixteen months after its historic filing in July 2013. This is a stark contrast…

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Champagne, Corks, and Muni Bond Consequences



Any time a negative headline hits a particular asset class, investors can often throw away the champagne with the cork – meaning, they sometimes treat the good and the bad in the same manner…regardless of the underlying fundamentals. With Detroit’s bankruptcy, municipal bond investors are at…

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