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Port Authority of N.Y., N.J. to Sell $595M
by: Tonya Chin
Monday, December 3, 2012
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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.

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Commentary - When It May Be Virtually Free to Be Tax Free
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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