Washington - Securities Law
BDA, Chamber Warn Volcker Rule Could Hurt Munis
Thursday, December 13, 2012
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Bond Dealers of America reminded lawmakers Thursday that the so-called Volcker Rule could restrict liquidity in the muni bond market and raise issuers' costs.

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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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