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Bloomberg's bond index unit reclassified certain utility bonds as asset-backed securities, leading to increased borrowing costs and higher electricity bills for millions of American households. The decision, made without US regulation, has sparked a dispute with state utility regulators.
Bonds got relabeled. Now, millions of Americans get higher electric bills. https://t.co/cEgsCyv6eg via @WSJ
After Bloomberg reclassified certain utility bonds, borrowing costs rose, with millions of American households paying more each month for their electricity https://t.co/TiVGmwp0gw via @WSJ @amacker
After Bloomberg reclassified certain utility bonds, borrowing costs rose, with millions of American households paying more each month for their electricity Incidentally, there's no current US regulation of the benchmark determination process https://t.co/VUtmCCPvO5