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Study of 1977 Municipal Bonds Shows Rural Issues Sold Well

Author

Listed:
  • Sullivan, Patrick J.

Abstract

Long-term bonds of rural governments compete favorably in the municipal bond market. Despite disadvantages associated with selling relatively small issues, the interest rate on nonmetro debt issued in 1977 nearly equalled the rate on metro debt. Nonetheless, many rural governments incur unnecessarily high interest costs.

Suggested Citation

  • Sullivan, Patrick J., 1981. "Study of 1977 Municipal Bonds Shows Rural Issues Sold Well," Rural America/ Rural Development Perspectives, United States Department of Agriculture, Economic Research Service, vol. 4(4), September.
    • Handle: RePEc:ags:uersra:310173
    DOI: 10.22004/ag.econ.310173
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