d) For purposes of this section, "nonprofit corporation" means
any nonprofit corporation (1) formed in accordance with the
provisions of a joint powers agreement to carry out functions
specified in the agreement; (2) that issued bonds, the interest on
which is exempt from federal income taxes, for the purpose of
purchasing land as a site for, or purchasing or constructing, a
building, stadium, or other facility, that is subject to a lease or
agreement with a local public entity; or (3) wholly owned by a public
agency.
The 10-year Treasury is having its worst run in over 100 years. Why
investors are buying bonds anyway.
-
“The higher that yields go — for at least new money — it becomes more
enticing to think about putting money into bonds,” one strategist notes.
15 hours ago
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