follow anotheraccount following
follow anotheraccount 2017 Jul 12, 9:39am
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Premium/Discount went from -10% in Nov 2016 to -1.6% now. With the way economy has overheated on the coasts, the Fed will have hard time justifying not raising rates. Even in oil states, with oil below 50, the economy is doing fine.
In California, our school district is floating the idea of raising another bond - about $7,000 per resident - after raising a similar amount 5 years ago. The bond language reads exactly like the one before. I assume these types of bonds have very little chance of being repaid and NAC is buying them.