Word: bondses
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>Raise interest rates to make dollar investments more attractive. The Federal Reserve moved last week, letting the Fed funds rate (at which banks lend to one another) rise from 7⅞% to 8%, and increasing the discount rate (at which member banks borrow from the Fed) from 7¼% to...
Interest rates on most home loans have long hovered around 9½% or 10% or more, but last week more than 2,000 families in Chicago were able to get financing at a bargain 7.99%. The funds involved, totaling $83 million, were raised through tax-free municipal bonds in an...
The city issued $100 million worth of long-term bonds paying 6.99% tax-free interest, which were marketed through a Hutton-organized underwriters' syndicate. The bonds sold out in a day; the underwriters split a $3 million fee, and a Chicago savings and loan association got the job of...
In the worst years, a certain begrimed anxiety hung in the air. New York City was an interminably terminal case, its official death notice reprinted weekly. Bonds came due; corporations bailed out for Connecticut, the Sunbelt, anywhere. Citizens could paraphrase the municipal hymn New York, New York: "The Bronx is...
Even after inflation, these couples have more buying power than their parents did at their age. They can afford luxuries that most single-income families cannot, but they still avoid most long-term financial obligations. Saving, even for the day when pregnancy will temporarily eliminate one income, is not common...