When More Banks Compete for Municipal Debt, States and Towns WinBookmarkJul 13 2020, 7:43 PMJul 13 2020, 8:46 PMJuly 13 2020, 7:43 PMJuly 13 2020, 8:46 PM(Bloomberg) -- Municipal-bond auctions are getting more competitive, shrinking underwriters’ profits and lowering borrowing costs for taxpayers.Disclaimer