The Internal Revenue Service is auditing $228 million of tax-exempt LIBOR floating rate bonds issued by the Oklahoma Student Loan Authority in 2010 as part of an expanded audit the agency had initiated last fall.
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.
the bond buyer conferences
September 25-27, 2013JW Marriott LA Live, Los Angeles, CA
October 27-29, 2013Crowne Plaza Times Square Manhattan, New York, NY