Big California, NYC Bond Deals Test Demand for SALT Tax Havens.

Wealthy investors from big coastal states will find an opportunity for refuge from the federal tax overhaul as California and New York City sell about $3.3 billion of tax-free bonds over the next two days.

Key Insights:

California’s $2.3 Billion Deal

New York City’s $986 Million Deal

Expectations

Bloomberg Markets

By Romy Varghese

March 5, 2019, 5:19 AM PST

— With assistance by Danielle Moran, and Martin Z Braun



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