Markets - Buy Side
Morningstar Digs into State Pensions
Monday, November 26, 2012
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Only seven state pension systems can lay claim to a strong 90% funded ratio while at least 21 states manage systems that fall below a "fiscally sound" threshold of 70% funded, Morningstar writes.

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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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