Indiana Sewer Leads $2.5 Billion of Utility Sales: Muni Credit
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The Indiana Finance Authority is leading five utility issuers selling about $2.5 billion this week as yields on such bonds backed by customer payments are at their lowest in almost a year.
Ten-year top-rated utility bonds yielded 2.63 percent yesterday, the least since Sept. 10, following a decline in yields in both the Treasury and municipal markets, according to data compiled by Bloomberg. Yields on 10-year top-rated tax-exempt municipal bonds plummeted to a new low for the year.