Conservatives Go Exotic

McDonald, Michael
March 2002
Bond Buyer;3/5/2002, Vol. 339 Issue 31337, p1
Trade Publication
Reports the use of municipal derivatives market to swap to a fixed rate on the bonds in Charlotte, North Carolina. Entities to diversify balance sheets with acceptable percentage of variable-rate debt; Increase in the amount of hedging; Dependence of the swapping rates on the investment banks.


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