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Munis Expect $161 Million to Open 2013 Issuance
by: James Ramage
Friday, December 28, 2012
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Volume in the municipal bond market should climb incrementally from the holiday week, to $161.3 million, up from total sales of just $14.0 million last week.

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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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