Tender rates for the Treasury Departments latest 90-day and 181-day discount bills were higher, as the three-months incurred a 0.100% high rate, up from 0.090% the prior week, and the six-months incurred a 0.145% high rate, up from 0.135% the week before.
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