The Texas Transportation Commission is pricing its largest general obligation bond issue of the year Tuesday, with $839.3 million of tax-exempt debt selling through negotiation and $100 million of taxable bonds offered competitively.
Texas Drives Nearly $1B of Transportation Bonds to Market
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