Washington - Securities Law
New Chair Wants to Raise NFMA Profile
Thursday, January 31, 2013
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Jeffrey Burger, the new chairman of the National Federation of Municipal Analysts, worries that one of the biggest threats to municipal analysis may be complacency about the relative stability of municipal credits in recent years.

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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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