New York City Shrinks Size of Mega Bond Deal Amid Market Tumult

New York City Mayor Zohran Mamdani just faced his administration’s first big test in the municipal-bond market amid growing concerns about the city’s finances.

By Dina Katgara, Amanda Albright · Bloomberg Markets

New York City Mayor Zohran Mamdani just faced his administration’s first big test in the municipal-bond market amid growing concerns about the city’s finances.