Economic activity expanded at a "measured pace" in recent weeks, though the effects of Hurricane Sandy and the looming fiscal cliff created some disruption and uncertainty, according to the Beige Book, released by the Federal Reserve Wednesday.
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