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MTA borrows $2.9 billion from Fed before window closes

DECEMBER 14, 2020 | by Amanda Albright, Michelle Kaske, Danielle Moran | BLOOMBERG

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By Amanda Albright, Michelle Kaske, and Danielle Moran, includes “… Investors still demand high yields on the MTA’s bonds because of the agency’s financial strains. Some MTA debt due in 2023 traded at a nearly 2.2% yield on Thursday, about 2 percentage points higher than AAA rated bonds.”

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