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California bond sales hit 'cold, cold world'by Cromwell SchubarthBizJournals Nov. 19, 2010 |
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 California treasury officials are finding it's a "cold, cold world" these days for municipal bond sellers. The state is paying higher than average rates to raise money to pay its bills and has had to cancel part of a multi-billion bond sale viewed as a test of government bond markets. The factors contributing to the situation are growing nervousness that governments may default on their growing debts and California's growing deficits. Read More |
