The Junk-rated Pennsylvania nonprofit regional healthcare system, Tower Health, is embarking on a journey to exchange outstanding debt and issue new bonds as part of its efforts to bring about a successful turnaround. Through the Berks County Municipal Authority, Tower Health plans to issue $1.335 billion of revenue bonds, with the aim of exchanging $1.178
Bonds
The municipal bond market has seen minimal changes in response to the rise in U.S. Treasury yields and the decline in equities. According to AllianceBernstein strategists, the summer technical picture of 2024 has been more robust compared to the previous year, with total returns for the June to August period reflecting a stronger performance. In