San Francisco Federal Reserve Bank President John Williams said Wednesday that, although the economy is showing signs of improvement, it still faces "serious menaces" and therefore the Fed will likely have to continue its so-called quantitative easing "well into the second half of next year."
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