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Regional News
District of Columbia Sale Nets Record Rate
by: Kyle Glazier
Tuesday, November 13, 2012
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The District of Columbia achieved its lowest 25-year interest rate ever, surpassing even rates seen with federally subsidized Build America Bonds, when it sold its income tax-secured revenue bonds this week, the Office of the Chief Financial Officer announced Tuesday.

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Commentary - When It May Be Virtually Free to Be Tax Free
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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