Manufacturing activity in the central Atlantic region "declined in January following two months of modest expansion," according to the monthly business activity survey conducted by the Federal Reserve Bank of Richmond, as the manufacturing index dipped to negative 12 from positive 5 in December.
Richmond Fed: Manufacturing Activity Contracts
JAN 22, 2013 10:00am 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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