U.S. nonfarm productivity fell 2.0% in the fourth quarter of 2012, as output growth slowed dramatically and hours worked growth was stronger than in the previous quarter, data released by the Bureau of Labor Statistics Thursday showed.
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