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ISM Non-Mfg Index 54.7 in Nov. v. 54.2 in Oct.
Wednesday, December 5, 2012
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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.

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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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