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Markets - Market News
FOMC Minutes: After Twist, a New Purchase Program
by: Kyle Glazier
Wednesday, November 14, 2012
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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.

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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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