Markets - Market News
Deal of the Year Goes to Massachusetts Bridge Bonds
Friday, December 9, 2011
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Bond Buyer editors in prior years have presented the newspaper's Deal of the Year award to transactions that represent a cross section of municipal finance, from housing bonds to power bonds to water bonds and bonds to build sport stadiums. This year we decided on bridges.

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Opinion

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.

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