Low short-term interest rates continue to erode the investment income of state and local governments.

While interest on bank deposits and other short-term investments contribute a small percentage of municipal revenues, the squeeze on investment income is yet another pressure at a time when most sources of state and local government revenue are under significant stress.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.