How the new fed municipal bond facility capped municipal-treasury yield spreads in the Covid-19 recession.

J Jpn Int Econ · 2023 · PMC9789544 · PMID 36590180

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marginally significantno p-value reported

Collectively, a dummy = 1 for a default in any one of them is marginally significant, with and estimated effect of only 7 basis points.

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