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Regional News
NYC Upsizes GO Bond Sale
by: Paul Burton
Friday, December 14, 2012
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New York City's sale of $1 billion of tax-exempt refunding general obligation bonds on Tuesday represented an increase of 18% from the expected $850 million par amount.

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Commentary - When It May Be Virtually Free to Be Tax Free
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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