Schools, Cities, and States finance their capital expenditures through municipal bonds----and the yield for these bonds for investors, or cost to the taxpayer on the other side, has skyrocketed in the past month. In January 2008, the average rate was 3.63 and the rate today is 6.52. Pretty stunning. Then there is the fact that many of the bonds are not even bid for---no firm wants to take the risk of the time between buying the bonds and marketing them to individual investors.
Click on the post for the look at the highest yielding muni bonds for yesterday. The Wisconsin State revenue bond catches ones eye at about 10% yield----and there were lots of buyers.
So. If one was a city and had lots of dreams of financing projects----dream on.
The Evansville Observer Archive: The unofficial history of Evansville, Wisconsin from 2005-2013: Thousands of Video and Audio and Articles; Free: To Search scroll to the Search this Blog line and enter name of person, topic, or issue. Then scroll up to see all articles. Or use Google Search by topic. Enjoy.
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