Tag Archives: social connection

Social Connection and Financing Cost of Municipal Governments

By | October 19, 2022

Municipal bonds are the primary source of financing for local governments, with the value of outstanding municipal bonds reaching $4.1 trillion as of March 2022. Historically, the default rate of these bonds has been very low. This raises the question of why so many municipal bonds have different issuance costs (yield spread), even with similar… Read More »