Banks or bonds? Rates, spreads mean more may turn to munis

Albano, Christine
March 1999
Bond Buyer;03/09/99, Vol. 327 Issue 30594, p1
Trade Publication
Focuses on the trend towards the use of municipal bonds instead of bank loans by small issuers in the United States due to decreasing rates and widening of the spread to Treasuries. Increase in supply of high-yield paper; Reasons for the scarcity of high-yield paper; Interest rates; Municipal bond trading activities.


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