(Bloomberg) -- Wall Street is charging Main Street the least since 2009 to sell its bonds, giving U.S. states and cities an added boost as they borrow at the lowest yields in more than four decades.
The average fee for municipalities to issue debt in the $3.7 trillion local market fell last year to $5.84 per $1,000 of bonds, from $6.82 in 2009 during the financial crisis, data compiled by Bloomberg show. The debut of Build America Bonds that year also drove up underwriting costs.
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