The federal government will reach its $16.4 trillion debt limit on Dec. 31 and will begin to suspend issuances of state and local government series securities and take other extraordinary measures to prevent defaulting on U.S. debt, the Treasury Secretary told leaders of Congress Tuesday.
Treasury to Suspend SLGS Issuances, Take Other Measures to Avoid Reaching Debt Limit Dec. 31
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