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Markets - Market News
Indexes Mostly Fall on Scant Trading
by: James Ramage
Thursday, December 27, 2012
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Slight activity in the municipal market during the holiday week left tax-exempt yields mostly unchanged since last Friday, but accounted for mostly lower indexes.

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Commentary - When It May Be Virtually Free to Be Tax Free
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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