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Muni Tobacco Bonds Have First-Ever Default as Smoking Declines

Muni Tobacco Bonds Have First-Ever Default as Smoking Declines
Bloomberg Markets Thursday 04 June 2026, 18:58 UTC By Martin Z Braun 1 min read
Key Points

Commercial and residential buildings in Long Beach, New York, U.S., on Friday, April 23, 2021. Long Beach is known for its raucous West End bars, Irish Day parade and two-mile boardwalk. Locally, the city of 34,000 on a barrier island 25 miles east of New York City, is also renowned for fiscal mismanagement.

Commercial and residential buildings in Long Beach, New York, U.S., on Friday, April 23, 2021. Long Beach is known for its raucous West End bars, Irish Day parade and two-mile boardwalk. Locally, the city of 34,000 on a barrier island 25 miles east of New York City, is also renowned for fiscal mismanagement. Photographer: Johnny Milano/Bloomberg
Long Beach (LOCATION) New York (LOCATION) U.S. (LOCATION) West End (LOCATION) Irish Day parade (EVENT) New York City (LOCATION) Johnny Milano (PERSON)
Originally published by Bloomberg Markets Read original →

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