Regional News
Mass. Treasurer: Record eBay Auction Yield
Friday, January 4, 2013
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State Treasurer Steven Grossman announced that the recently completed eBay auction his office's Unclaimed Property Division conducted has generated a record-setting $544,552 in revenue for the commonwealth's general fund.

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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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