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Markets - Market News
Small Banks Load Up on Municipal Debt
by: Harry Terris, American Banker
Thursday, January 3, 2013
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Large numbers of yield-hungry banks have gorged on municipal bonds, and the industry’s overall holdings of the paper have edged up.

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Commentary - When It May Be Virtually Free to Be Tax Free
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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