Debt from special-purpose vehicles linked to municipal and provincial governments -- leverage that central authorities are trying (unsuccessfully) to extinguish -- is becoming more common in overseas markets.How would the market price Detroit municipal government bonds issued in Swiss francs?
What's worse, lately it's been the weakest cities and provinces panhandling to international investors.Since June, as many as six local government financing vehicles have sold dollar bonds, bringing the total issued by such entities to at least $4 billion this year, just shy of the record $4.1 billion logged in all of 2015. Three offerings were scored below investment grade by Fitch, whereas prior to 2016, only one junk security of its kind had surfaced internationally.
全美高校反战浪潮600人被捕 布林肯:不应对哈马斯 “保持沉默”
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当前多所美国高校出现挺巴勒斯坦反战示威,从常春藤联盟名校到各州立大学,抗议浪潮已延烧到至少50所校园。截至26 […]...
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