Regional News
California Cash Flow Improving
Monday, December 3, 2012
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California¹s cash flow has improved enough to allow to the state to release more funds than it planned to schools, local governments and other programs.

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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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