New Jersey and California are both attracting investors in their general obligation debt, even as their credit ratings move in opposite directions. Yield-hungry investors are buying New Jersey at wider spreads, while conservative-minded buyers are seeking out fiscally-healthier California for its improving safety.
All On Wall Street articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, blog discussions, the iPad App, CE Exams, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our daily or weekly e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and growth strategies.