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Muni Auction Market Shrinks by 33%, Driving Down Interest Costs - Read More

Date Added: April 28, 2008 06:23:03 AM
April 28 (Bloomberg) -- U.S. municipal borrowers from New York to Los Angeles pushed down yields on auction-rate bonds to the lowest since February by moving to eliminate $55.3 billion, or 33 percent, of the debt they had in the market.

Category: Business & Economy » Finance and Investment » Mortgages


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