Markets - Market News
November Personal Income Up 0.6%; Spending Rises 0.4%
Friday, December 21, 2012
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Personal income rose $85.8 billion or 0.6% in November following a revised 0.1% increase in October, while personal spending climbed $41.3 billion or 0.4%, the Commerce Department reported Friday.

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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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