There is a reduced appetite for debt among U.S. consumers, while corporations are focused on rebuilding their balance sheets and are held by uncertainties such as future fiscal policy, despite the aggressive actions by the Federal Reserve to keep interest rates at exceptionally low levels, Kansas City Federal Reserve Bank...
KC Fed's George: Consumers Reluctant to Borrow Despite Low Rates
FEB 12, 2013 12:28pm ET
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A recent phenomenon is the emergence of bonds with shorter call protection as funding alternatives for municipalities. However, the shorter call protection also dampens the potential upside for investors, which in turn reduces the price they are willing to pay.
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