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That saw off the bond vigilantes besieging the single currency.
The town, 90 miles northeast of Atlanta, could have used nearly $1 million to pay off the bond fund for a water treatment plant upgrade.
On the ESM treaty, setting up an incipient European monetary fund, the key issue is whether its €500bn firewall is enough to fend off the bond markets.
Never mind the numbers, they declared: immediate spending cuts were needed to ward off the "bond vigilantes," investors who would pull the plug on spendthrift governments, driving up their borrowing costs and precipitating a crisis.
Luckily for the shooting syndicates, a price rise of 5-6% is not likely to put off the bond traders and hedge-fund managers who have become devotees of the sport.
Mr. Cannuscio's plan calls for paying off the bond in 10 years at a cost of $100 a year for the owner of a home worth $150,000, the town said.
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The article also misidentified the elective office of Larry P. Langford, a local official who signed off on the bond deals.
Test results show that EB-FRP joints with more than 10% concrete pulled off on the bond surface could have stable strength and ductility.
Would Draghi turn off the bond-buying tap?
This time around, the dynamics of the market are even more complicated because bond prices have recently been driven by bets on whether the Federal Reserve will ease off the bond-buying programs it has used to stimulate the economy.
As we ticked off the Bonds we'd seen, his appetite only increased.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com