Argentina sees strong demand for their 100 year bond. 7.9%. http://www.cnbc.com/2017/06/20/argentina-sees-strong-demand-for-surprise-100-year-bond.html …
maybe the federal government backs the credibility of these bonds to a predefined $ amount, but defers decision-making to the region?
-
-
There is always a trade off there. But I have to think, at minimum, CA could issue 50 year, 100 year notes too. Maybe even SF?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.