Municipal CDS often are a higher-yielding way to enter market

11/19/2010 | Bond Buyer (free content), The

More investors are looking at municipal credit default swaps because they offer exposure to the municipal bond market often at a higher yield than the actual bond. For example, investors pay 290 basis points annually through a CDS contract to insure the five-year debt of Illinois. The debt itself yields 2.85%.

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Bond Buyer (free content), The

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