Municipal bonds and high-yield muni-bond funds sharply sold off, raising risks and tax concerns.

01 THE MACHINE READ

WHY IT MATTERS.

A sharp muni selloff raises borrowing costs for states and municipalities and signals stress in a normally stable credit segment.

02 THE STORY SO FAR

THE RECORD, IN ORDER.

STANDALONE ITEM — NOT YET FOLDED INTO A DEVELOPING STORY.

03 WHO'S INVOLVED

ENTITIES ON FILE.

04 RECEIPTS

THE SOURCE RECORD.

05 PROPAGATION

WHAT THIS TOUCHES.