Source: New York Post
Mayor Zohran Mamdani’s luck in the municipal bond market appears to be running out, On The Money has learned. After stabilizing or increasing a bit in the last couple of months, prices of New York City municipal bonds this month took a hit, with the “yield” – or return demanded by investors to compensate for various types of risk – spiking noticeably between July 3 and July 10, the latest available numbers show. The yield on a 10-year GO bond jumped to 3.
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