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Bullard: Should Be Ready to Taper Bond Buys as Job Market Improves
Market News International | Thursday, February 21, 2013
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St. Louis Federal Reserve Bank President James Bullard reiterated Thursday that the Federal Open Market Committee should be prepared to vary the pace of Fed asset purchases in response to an evolving economy.

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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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