Regional News
Minnesota Prepping Tobacco Refunding
Monday, November 12, 2012
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Just two weeks after receiving clearance from the state Supreme Court, Minnesota hits the market Wednesday with its $654 million tobacco refunding that marks its first formal use of an appropriation pledge.

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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.

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