Markets - Market News
Kansas City Fed Mfg Survey: Activity Contracts
Thursday, January 24, 2013
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Manufacturing activity in the Federal Reserve Bank of Kansas City's region " contracted modestly again in January, but factories' production expectations remained relatively optimistic for the months ahead," according to the bank's monthly manufacturing survey, released Thursday.

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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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