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Headlines for May 17, 2013
top story
No flood of bond defaults will spread through California cities in the near future, just possibly a smattering, according to a new academic study.
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Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.Upcoming Events
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