= Subscriber content; or subscribe now to access all American Banker content.

'Cushion,' pre-refunded securities promoted as long-term bonds with short-term rewards.

OCT 6, 1992 1:00am ET

Municipal market strategists and money managers are recommending high-coupon tax-exempt "cushion" bonds and pre-refunded issues for short-term investors seeking higher-yielding deals.

To continue, please or subscribe
FREE 14-DAY
TRIAL
  • Full access to banking's most comprehensive daily report
  • Daily, weekly, and topic-based newsletters and alerts
  • Award-winning analysis and insight, focused on bankers' key concerns
No credit card needed
SUBSCRIBE
NOW
All subscription content plus:
  • Bimonthly industry research reports (including archive)
  • Morning Scan Plus e‑newsletter
  • Full access to 2016: The Candidates, the Issues
Have an account?
SIGN IN HERE
Remember me