Yankees Get Lower Rate Than Mets on Stadium Municipal Bonds

The New York Yankees and the New York Mets have almost identical records, leading their divisions in Major League Baseball. In the municipal bond market, the Yanks are beating their crosstown rivals.

The teams raised $1.57 billion this week to pay for new stadiums. The biggest portion of each sale was a 40-year bond with the same credit ratings, interest coupons and insurance against default. The Yankees, leaders in the American League's eastern division, will pay a yield of 4.51 percent, better than the 4.57 percent the Mets, also at the top of their group in the National League, obtained in a sale the day before.