Renewing his call for reform of the wholesale funding markets, New York Federal Reserve Bank President William Dudley warned Friday that ignoring continuing "vulnerabilities" in the tri-party repo and money market mutual fund markets would risk further instability.
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