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For fund investors, he likes the Nuveen High Yield Municipal Bond fund, which has recently performed well despite keeping down the duration of its holdings — a move that has reduced interest rate risk.
Analysts are predicting at least three major choices, simplifying a clutter of more than 150 types of Argentine bonds on the market: First, a par bond with no write-down of principal but a sharply reduced interest rate and a longer maturity.
Also, if the house has a mortgage on it, the buyer should be able to assume the mortgage at the sharply reduced interest rate.
One proposal Croesus heard was to give home buyers a $20,000 tax credit and to guarantee a substantially reduced interest rate on the mortgage.
Similar(56)
"He should have reduced interest rates faster".
The committee has reduced interest rates three times since June.
Last week, central bankers across the globe reduced interest rates.
The Federal Reserve has now reduced interest rates to near zero.
Last month the Reserve Bank of India reduced interest rates from 8% to 7.75%.
Chrysler, for example, reduced interest rates on Monday for loans on Jeep Grand Cherokees and Dodge Durangos.
Borrowers would get reduced interest rates or longer loan terms to make their payments more affordable.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com