New York will be paying debt issued to accommodate a planned NYSE move for the next nine years.
The upgrade, while small, is the latest signal of the turnaround afoot for Michigan’s largest city.
While much of the financial industry balks at Democrats' proposed tax increases, muni bond managers see an opportunity.
That was the cost of drawing down its cash reserves to cover retroactive raises for government employees.
The MTA has bought Grand Central Terminal for the bargain-basement price of $35 million.
Municipals tend to be more volatile during the final months of the year.
Banks have to work harder to sell those bonds because fewer investors will buy them, researchers say.
Bond issuers have forgotten to pay investors 119 times since January 2017.
The move comes after Wells Fargo’s share of the municipal-bond underwriting business shrank.
Please log back in before proceeding.
There was an error logging in. Please try again.
Congrats! You are now logged in. Your exam is being submitted.
