The Chicago Fed National Activity Index for December dropped to positive 0.02 from a revised positive 0.27 reading in November, while the three-month moving average (CFNAI-MA3) rose to negative 0.11 from a revised negative 0.13 in November, the Federal Reserve Bank of Chicago reported Tuesday.
December Chicago Fed Nat'l Activity Index Slips to Positive 0.02
JAN 22, 2013 8:30am ET
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A recent phenomenon is the emergence of bonds with shorter call protection as funding alternatives for municipalities. However, the shorter call protection also dampens the potential upside for investors, which in turn reduces the price they are willing to pay.
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