The U.S. services sector expanded at a slightly faster pace in November as the non-manufacturing business activity composite index was 54.7 in the month, compared to 54.2 in October, on a seasonally adjusted basis, the Institute for Supply Management reported Wednesday.
ISM Non-Mfg Index 54.7 in Nov. v. 54.2 in Oct.
DEC 5, 2012 10:01am ET
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A recent phenomenon is the emergence of bonds with shorter call protection as funding alternatives for municipalities. However, the shorter call protection also dampens the potential upside for investors, which in turn reduces the price they are willing to pay.
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The Roosevelt Hotel, New York, NY