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花旗:美联储给市政贷款定价过高“让人失望”; 花旗集团市政债券分析师Vikram Rai周四给客户的一份报告称,美联储给将向各州和城市发放的贷款定价“令人失望”。合格发行人的融资成本比我们的预期高出约50-100个基点,并且发行人原本预期的融资利率比我们的预期还要低。收益率需要飙升100个基点才对许多发行人来说算得上合理,而且在这些融资成本下,这个工具不足以遏制流动性急剧紧张期间的波动。虽然该工具融资规模为5000亿美元,但如果能动用1500亿美元,我们都会感到惊讶

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