From Barrons.com
By Michael Aneiro
Detroit’s proposed treatment of its general obligation bondholders in its restructuring plan has Nuveen questioning the value of Michigan’s state-level GO bonds following Detroit’s bankruptcy filing. Anthony Valeri of LPL Financial also cautions that Michigan bonds could get hurt in the long-term. From Valeri:
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By Michael Aneiro
Detroit’s proposed treatment of its general obligation bondholders in its restructuring plan has Nuveen questioning the value of Michigan’s state-level GO bonds following Detroit’s bankruptcy filing. Anthony Valeri of LPL Financial also cautions that Michigan bonds could get hurt in the long-term. From Valeri:
Read more >>
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