Some state attorneys general are hailing settlements with major tobacco companies resolving a dispute over payments, but Herbert J. Sims analyst Dick Larkin believes tobacco companies may be the big winners.
States Win and Lose in Tobacco Settlement, Analysis Shows
DEC 21, 2012 4:10pm ET
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A recent phenomenon is the emergence of bonds with shorter call protection as funding alternatives for municipalities. However, the shorter call protection also dampens the potential upside for investors, which in turn reduces the price they are willing to pay.
the bond buyer conferences
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The Roosevelt Hotel, New York, NY