The U.S. muni bond market continues to trouble investors, and while there are some stand out worries (California, Illinois, New York), others are starting to crop up.
Maryland might be a serious concern if the spike in its CDS price is any sign.
According to Markit, the state is $1.6 billion short for its 2010 budget, and its pension fund has $33 billion unfunded.
In October, Maryland didn’t even make CMA Datavision’s top 11 states by default risk. Whether than will change now is unknown.
NOW WATCH: Money & Markets videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.