New issuance will continue to dwindle further this week -- increasing the already-hearty demand and keeping municipal yields steady to lower -- as an estimated $4.39 billion in competitive and negotiated volume is expected to arrive in the primary market, according to The Bond Buyer and Ipreo LLC.
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