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Puerto Rico's New Leaders Promise Rapid Action
by: Robert Slavin
Monday, December 17, 2012
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The economic leadership of Puerto Rico's incoming administration promised Monday to hit the ground running to address the island's financial problems.

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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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