Shortage Of The Municipal Bonds Forcing Down Yields
Friday, April 27, 2012 - 5:50 AM
No place is safe from falling yields. Yields on municipal bonds have been going down due to a shrinking number of bonds as described in this SmartMoney article:
new bond issuance is down even more this year: states and municipalities issued nearly 2 percent less new, long-term debt in the first quarter of this year than they did during the same time last year.