Eaton Vance, MainStay likely to skirt a Harrisburg hit
Default, dear Brutus, is in Pennsylvania, as capital city will miss payment on bond; Ambac to cover
Just three mutual funds have holdings in general-obligation bonds issued by Harrisburg, Pa., which said that it is defaulting on a $3.29 million payment.
That is good news for fund investors, but some observers said Harrisburg's announcement could be just the tip of the iceberg in terms of default
Learn more about reprints and licensing for this article.