The Port Authority of New York and New Jersey is scheduled to sell $595 million of consolidated bonds in two series on Wednesday. Proceeds will finance capital expenditures for the authority's tunnels, bridges, and PATH train.
Port Authority of N.Y., N.J. to Sell $595M
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