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Connecticut Treasurer Rails at Conning Report

NOV 19, 2012 2:09pm ET

A report by asset manager Conning that placed Connecticut last among the 50 states in credit quality has state Treasurer Denise Nappier up in arms.

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Comments (1)
why not just tax the wealthy more? oh, forgot, Obama's already got that covered. 47% starting to run out of other peoples money?
Posted by Chief | Monday, November 19 2012 at 2:36PM ET
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A recent phenomenon is the emergence of bonds with shorter call protection as funding alternatives for municipalities. However, the shorter call protection also dampens the potential upside for investors, which in turn reduces the price they are willing to pay.

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