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