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via news.ycombinator.com

Business·1 outlet

Texas Municipal Borrowing Costs Rise Above California

Texas is facing higher borrowing costs than California, with investors demanding an average yield that is 0.3 percentage points higher on Texas bonds compared to California's. This yield differential translates to approximately $3 million in additional annual costs for every $1 billion that Texas borrows, suggesting broader fiscal challenges in the municipal bond market.

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