Municipal bond rates have doubled in a month. The Cost for tax exempt floating rate bonds has skyrocketed. As I noted in an earlier post, some bonds have gone for 17% and one of the most popular last week was some Wisconsin agency bonds for 10%.
Click on the post for the analysis of Bloomberg news on the bond situation.
Monday, March 10, 2008
Bloomberg News: Municipal Bond Market in Turmoil; Costs to Cities Rising
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