Thursday 30 March 2017

California Taps Into Investors’ Craving for Yield With Tobacco Bonds

Ed. Note: This article first appeared in Bloomberg California’s taking advantage of investors’ taste for tobacco. Tobacco bonds are returning 10 percent this year, over seven times that of the municipal market as a whole, as buyers itching for yield pick up the securities and drive prices higher. California on Thursday plans to sell $619

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