Municipal Bond News
• CO AA bond rating was upgraded to Stable by S&P yesterday after it adopted pension reforms earlier in the year.
NYC is issuing 914MM of GO’s, reviving four times the orders that they had bonds. The borrowing cost for NYC right now is at an all-time low, with people moving out of the state, it is fascinating to me to see how this can happen, but the fact is that NYC remains an economic powerhouse full of businesses as well as people that want to live in the city.
Large tax bill for April?
We can give you compelling reasons to consider high
grade municipal bonds to help mitigate your taxable
10T lower as the tax plan continues to gain momentum in Congress. Currently trading around 2.37%, it appears the final proposal is in the hands of Congress, and Trump is ready to sign.