John Horsley and Jack Basso will take about 90 years of experience with them when they retire from the American Association of State Highway and Transportation Officials in February, and the two are disappointed to be stepping away from a very uncertain future.
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.
the bond buyer conferences
September 25-27, 2013JW Marriott LA Live, Los Angeles, CA
October 27-29, 2013Crowne Plaza Times Square Manhattan, New York, NY