What Shutdown? Bond Market Sees No Risk as Capital Sells Debt
- Washington, D.C. bond spreads little changed in latest sale
- S&P says ‘economic and financial strength is at an all-time’
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With the federal government still eyeing another possible shutdown, it wouldn’t have seemed like a good time for the nation’s capital city to borrow nearly $1 billion in the bond market.
But if there was any concern among investors when the securities were offered early Wednesday, it didn’t register in the prices, despite how dependent its economy is on government spending.