11. The disappearance of the huge, highly liquid market for government obligations bonds would make it harder for the Federal Reserve Board to conduct monetary policy. 12. The district has a solid AA-minus rating on its general obligation bonds. 13. Under the proposal, an existing municipal underwriting subsidiary which already underwrites general obligation bonds backed by local taxing powers, would begin underwriting municipal revenue bonds. 14. Unlike general obligation bonds, lease revenue bonds are not subject to voter approval and carry a higher interest rate. 15. We think in the housing market there continue to be good offerings that offer yields that are higher than general obligation bonds or other categories of revenue bonds. 16. When it returns to the muni market in the spring, it may sell its first debt other than a general obligation bond. 17. Yields on the securities are higher than comparable insured, general obligation bonds tracked by Bloomberg Financial Markets. 18. As currently planned, arena financing would include such money through general obligation bonds. |
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