Markets - Market News
Regulator Denies MBIA Payment on Surplus Notes
Tuesday, January 15, 2013
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Bond insurer MBIA Inc. announced that the New York State Department of Financial Services denied a request by MBIA Insurance Corp. to make its interest payment scheduled for Tuesday.

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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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