Debt of Fairfax County, Virginia, home to defense contractors such as General Dynamics Corp., is the strongest in two months even as it faces losing its top credit rating within weeks as federal spending cuts loom.
California, the biggest U.S. municipal debt issuer, is paying one-third less in long-term borrowing costs than two years ago, when former Governor Arnold Schwarzenegger fought lawmakers over deficits and struggled to attract individual investors.
Illinois ’s Cook County, home of Chicago, the third most-populous U.S. city, will sell $1.05 billion in debt including its largest Build America Bond offering, as municipal issuance rebounds from a two-month low.
February 8, 2013 - In investing, every silver lining has a cloud. Almost all good news can be spun as bad news, and vice versa. The economy’s booming? Watch out for inflation and higher interest rates. The market crashed? What a buying opportunity!