New York City Sets Preliminary Prices on $838 Million Bond Sale

New York City sold about $838 million of general-obligation bonds today, with a 10-year portion priced to yield a preliminary 2.23 percent, according to data compiled by Bloomberg.

Standard & Poor’s rates the debt AA, its third-highest grade. Ten-year general-obligations with a similar rating yielded 2.27 percent yesterday, Bloomberg Fair Value data show.

To contact the reporter on this story: Brian Chappatta in New York at bchappatta1@bloomberg.net

To contact the editor responsible for this story: Mark Tannenbaum at mtannen@bloomberg.net

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