California's Already-High Demand for Tax-Free Debt May Grow More
- Top earners have yet to see full results from December tax law
- California yields may continue to be less than that of market
This article is for subscribers only.
If you think there’s a fight to score California bonds now, just wait until tax season.
Certified public accountants are reporting that the Internal Revenue Service continues to issue rulings "week after week" since the tax overhaul that passed in December, Kim Friedricks, managing director of fixed income at Kayne Anderson Rudnick, said at a Bond Buyer conference in Los Angeles.