With the economic situation continuing to generate mixed news, the Federal Open Market Committee agreed to hold the highly accommodative course steady for the immediate future but prepared for a new easing next year, according to the minutes of the committee's Oct. 23-24 meeting, released Wednesday.
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