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By Robert Slavin October 3, 2024

The storm's impact may reverberate in the municipal bond market beyond the Southeast if property and casualty insurers need to sell bonds to meet claims, said John Mousseau, CEO of Cumberland Advisors.

More generally, the severity of the storm has made analysts more cautious about climate change's credit impact generally.

"There is no question Helene is on the Mount Rushmore of storms," Mousseau said. "Sadly, she may have company again sooner than we think and that certainly has impact down the road on yield spreads on bonds in affected areas."

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