Kansas City Federal Reserve Bank President Esther George Tuesday said the ongoing economic recovery in the United States may well warrant exceptionally low interest rates for an extended period, but warned that such a policy risks long-term financial and price stability.
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