Moody's Investors Service said it expects that the Triborough Bridge and Tunnel Authority (TBTA) should be able to absorb revenue losses sustained by the facilities that closed due to the impact of Hurricane Sandy, though already low liquidity could be further reduced.
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