Endnotes
1 Cato Institute, Who owns U.S. Infrastructure?, Tax and Budget Bulletin No. 78, June 1, 2017; U.S. Bureau of Economic Analysis.
Sources
Infrastructure fixed assets: Cato Institute; U.S. Bureau of Economic Analysis. Municipal issuance: Securities Industry and Financial Markets Association (SIFMA.org); Seibert Research. New money project financing: The Bond Buyer. Bond ratings: Standard & Poor’s, Moody’s, Fitch. Taxable municipal and corporate bond sectors: Bloomberg. Municipal bond yields: Bloomberg and Municipal Market Data. Corporate bond yields: Bloomberg. Treasury yields: Bloomberg (subscription required). Defaults: Municipals Weekly, Bank of America/Merrill Lynch Research; Moody’s Investor Service. Standard & Poor’s and Investortools: http://www.invtools.com/.
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