Markets - Market News
Philadelphia Fed Index Slumps to Negative 5.8 in January vs. Positive 4.6 in December
Thursday, January 17, 2013
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The region's manufacturing sector contracted in January, as the general business conditions index slipped to negative 5.8 from positive 4.6 in December, this month's Federal Reserve Bank of Philadelphia Report on Business indicates.

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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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