Monday, March 10, 2008

Bloomberg News: Municipal Bond Market in Turmoil; Costs to Cities Rising

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.

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