Chicago has struck a tentative collective bargaining agreement with one of its smaller unions that includes pension benefit and retiree healthcare reforms that Mayor Rahm Emanuel characterized Tuesday as a possible roadmap to help solve the city's pension crisis.
Chicago Strikes Deal With Union That Includes Pension Reforms
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