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Market Post: Attention Turns to Primary as Deals Well Received

JAN 23, 2013 1:40pm ET

The tax-exempt market turned its attention to the primary market Wednesday as the week's largest deals priced.

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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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