Newly issued Treasury securities held in stripped form decreased about $1.773 billion in November to a total of $193.267 billion, the Bureau of the Public Debt reported Thursday.
Treasury Strips Fall $1.773B in Nov.
DEC 6, 2012 3:00pm 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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