Finance & economics | Tobacco-settlement bonds
Unlucky strike
Warning: bonds linked to cigarette sales may be harmful to your wealth
AMERICANS are kicking their smoking habit at a healthy clip. It is not just the quitters who are experiencing withdrawal symptoms. Investors who bought the rights to compensation payments from tobacco firms following a king-size legal settlement are also feeling irritable.
This article appeared in the Finance & economics section of the print edition under the headline “Unlucky strike”
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