Muni Tax Cap Threatens $150 Billion in Calls, Citigroup Says

Muni Tax Cap Threatens $150 Billion in Calls, Citigroup Says

Scott Eells/Bloomberg

Mandatory redemption provisions of conduit and private-activity securities could be triggered by a cap that affects the deductibility of earnings for some bondholders, Citigroup muni strategists including Vikram Rai said in a Jan. 4 report.