Federal Reserve Governor Jeremy Stein Thursday cautioned against mounting signs of credit market "overheating" and said the Fed may have to use monetary policy, not just regulation, to deal with it.
Fed Gov. Stein: May Need to Use Monetary Policy to Keep Credit Market from Overheating
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