The value of the $3.7 trillion municipal-bond market may drop by $200 billion, or about 5 percent, under President Barack Obamas plan to limit income-tax deductions to 28 percent, according to Citigroup Inc.
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