Markets - Sell Side
BAM Expands License in 11 Additional States
Monday, November 26, 2012
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Build America Mutual Assurance Company, the first mutual bond insurer serving the U.S. municipal bond market, has expanded its presence and is now licensed to insure bonds in 11 additional states.

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Opinion

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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