New Empirical Evidence on Factors Influencing the Yield on High-Grade Municipal Bonds
We investigate the impact of federal budget deficits and other factors on the ex-post and ex-ante real yields on high-grade municipal bonds. The estimation results reveal that both yields increase with the real yield on 30-year Moody’s Aaa-rated bonds and provisions in the Community Reinvestment Act...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Pompea College of Business
2023-11-01
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| Series: | American Business Review |
| Subjects: | |
| Online Access: | https://digitalcommons.newhaven.edu/americanbusinessreview/vol26/iss2/11/ |