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Muni Tobacco Bonds Have First-Ever Default as Smoking Declines

The municipal bond market’s $80 billion tobacco bond sector had its first-ever default after a Nassau County, New York, agency failed to make a $36 million principal payment on June 1.

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BloombergLean L·8d ago
Muni Tobacco Bonds Have First-Ever Default as Smoking Declines
The municipal bond market’s $80 billion tobacco bond sector had its first-ever default after a Nassau County, New York, agency failed to make a $36 million principal payment on June 1.
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Muni Tobacco Bonds Have First-Ever Default as Smoking Declines

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Muni Tobacco Bonds Have First-Ever Default as Smoking Declines

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