Borrowing costs for highly rated states, cities and other public entities in the US have dropped from the crisis levels of last year to below historical norms, reflecting demand from retail investors as well as federal subsidies for the $2,700bn municipal bond market.
美国评级较高的州、市及其它公共部门的贷款成本，已从去年危机中的水平降至历史水平以下，这既反映出散户投资者的需求，也得益于联邦政府对2.7万亿美元的市政债券市场的补贴。
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