Debt-hungry pensions seen having fewer bonds under tax bill

BANK OF AMERICA ESTIMATES THAT the supply of investment-grade bonds may reduce by as much as 17 percent next year due to changes proposed in the new tax bill. / BLOOMBERG FILE PHOTO/ANDREW HARRER
BANK OF AMERICA ESTIMATES THAT the supply of investment-grade bonds may reduce by as much as 17 percent next year due to changes proposed in the new tax bill. / BLOOMBERG FILE PHOTO/ANDREW HARRER
NEW YORK - The tax overhaul may cause a snag for debt-hungry pension funds. Now being refined by the House and Senate, the legislation will likely…

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