Prices of the riskiest portions of collateralized loan
obligations (CLOs) have
fallen 50 % as of the end mid-December since mid-year, and are now trading at $ 0.25 for every dollar that investors have put in the structured
bonds.
Naperville Park District commissioners are considering the district's financial future, including the possibility that, with interest rates
falling, the district might be able to refinance general
obligation bonds at a lower interest rate.