Municipal Bond Forum
New Rule Should Allow Banks To Carry Certain Munis
Q
Regarding your article, “Push is on to Include Munis in New Banking Rule,” shouldn’t banks, as part of the new liquidity rule, be allowed to hold pre-refunded bonds, bonds insured by strong insurers and short-maturity bonds in compliance with their covenants?
A
James A. Klotz responds:
We couldn’t agree more.
Our list however, would be considerably more extensive and would include other categories of investment-grade bonds, too.
Start here.
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