Obituary: Las Vegas Monorail Project
The Las Vegas Monorail Project is dead but long live its muni bonds which while in default, still trade regularly. They are “junk” muni bonds yielding 15%.
Ever wonder what a messy bond default looks like? Well here you go.
1) See the latest prices for Las Vegas Monorail bonds at from bondview, a new free web site for muni bond investors.
2) And here is the actual Bond Default Notice. Its kind of like a Obituary.
3) More news