Service sector activity "slowed in December," according to the Federal Reserve Bank of Richmond service-sector activity survey, released Wednesday.
Richmond Fed: Service Sector Activity Weakens
DEC 26, 2012 10:02am 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.
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