Municipal Bond Credit Report: Federal Reserve muni lending facility charges big premiums

Municipal Bond Credit Report: The Federal Reserve will charge issuers a premium — a baseline 150 basis points for triple-A issuers to 590 basis points for below investment-grade-rated issuers — to use its short-term municipal note purchasing program in what some analysts said is an effort to keep the Fed out of the municipal market — or at least use the facility as a last resort… Link to Story