TITLE

Prerefunded Perks

AUTHOR(S)
Johnson, Anastasija
PUB. DATE
August 2005
SOURCE
Bond Buyer;8/26/2005, Vol. 353 Issue 32205, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that the fast pace of refunding issuance has left behind a hefty supply of prerefunded and escrowed to maturity municipal bonds in the U.S. Benefit of the trend for the investors; Effect of the continuous rate hikes by the Federal Reserve Board and a flattening Treasury yield curve on refinancing activity by state and local issuers; Reason why rating agencies often assign their highest investment-grade ratings to prerefunded bonds.
ACCESSION #
18070021

 

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