Bonds

US College Muni Debt Lags Benchmark With Growing Higher-Ed Risks

Harvard Yard on the Harvard University campus in Cambridge, Massachusetts on May 5.

Photographer: Mel Musto/Bloomberg

Municipal bonds sold by US colleges and universities underperformed the state and local government benchmark in April, a sign that investors are growing more cautious on the sector.

College and university bonds in the Bloomberg Education Municipal Index dropped .95% in April, compared to a 0.81% loss for the broader market, according to data compiled by Bloomberg.