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Detroit Making Progress, Mayor Says

FEB 14, 2013 10:42am ET

With the threat of an emergency manager hanging over Detroit, Mayor Dave Bing said the city is making progress despite its fiscal problems during an optimistic state of the city address.

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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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