Real gross domestic product forecast were lowered by participants in the Federal Reserve Bank of Philadelphia's December Livingston survey, released Wednesday, with expectations for 1.8% growth in the last half of 2012.
Livingston Survey Lowers GDP Projections
DEC 12, 2012 10:57am 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