Municipal errors?

[Skydaemon]

municipalities trying to leave fixed rate auction bond market

It sounds like municipalities don't like fixed rate auctions because they're paying 5% or more or failing. So I'm not 100% sure but it sounds like they're trying to change to floating rate debt.

Deadly. Interest rates have a very limited ability to go any lower than they are now. It's what, 2%? It may or may not touch 1% in the short term, but I think between the devaluation of the usd and inflation which won't moderate, interest rates are set to sharply increase late this year I think, and possibly stay up the next 3 years. This might not be a good time to be betting on floating rate loans for long term needs. It's good in the short term, but if inflation doesn't moderate or if the currency falls boosting commodities this is going to be an expensive choice.