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Florida's Santa Rosa Bridge Board Shaky; New Default May Loom
Thursday, November 15, 2012
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Florida's Santa Rosa Bay Bridge Authority, which is in default of more than $116 million of toll bonds, may lose insurance and board members. It is also unclear if bondholders will be paid Jan. 1.

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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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