The Chicago Fed National Activity Index for November climbed to positive 0.10 from a revised negative 0.64 reading in October, while the three-month moving average (CFNAI-MA3) rose to negative 0.20 from a revised negative 0.59 in October, the Federal Reserve Bank of Chicago reported Friday.
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