Bloomberg
Hospitals Burn Through Cash While Congress Weighs Next Stimulus
High-yield hospital bonds have lost 6.4% this year, according to Bloomberg Barclays indexes.
“Of all the sectors in the municipal market, the health-care sector has the most long-term volatility because of the pandemic,” said Matt Fabian, an analyst at Municipal Market Analytics. “The federal government is pouring support into the health care sector and will likely continue to do so.”