in postCMFCMFSHORTFIRST CALL

“a hard landing will mean a near-miss with California bankruptcy and, more punitively, a reset/retrade of state pensions with California lenders to not come coll”

California's wealth tax triggers a budget death spiral and near-bankruptcy, destroying the creditworthiness of California muni bonds.

CMFCMFSHORT@ $58.70

$57.53+2.00%

since call Jun 28

peak +2.1%

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