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Harford County gets 2.78 percent interest rate on $55 million bond sale

Harford County gets 2.78 percent interest rate on $55 million bond sale

Harford County sold $55 million in bonds for capital projects Tuesday at a 2.78 percent interest rate, giving the county what its financial advisor called a "very successful" sale.

The interest rate offered, however, is the highest the county has paid in its last three bond sales, which in turn appeared to reflect current market conditions in which bellwether U.S. treasury yields have edged up since last fall's presidential election.

Each of Harford's last three bond sales have been marked with the highest credit ratings possible.

"Congratulations, it's a very successful sale," Lester Guthorn, managing director of Owings Mills-based Public Advisory...

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