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Detroit Recovery Plan Threatens Muni-Market
Detroit Recovery Plan Threatens Muni-Market Underpinnings - Bloomberg: "Investors demand 0.71 percentage point more in yield than top-rated municipal bonds to own general-obligation securities issued by Michigan and its localities, the third-highest spread among 19 states tracked by Bloomberg Fair Value indexes. Only issuers in Illinois, the lowest-rated U.S. state, and Pennsylvania face higher borrowing costs."
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