In a case with implications for the bond industry, the U.S. Supreme Court ruling could send water flowing from Oklahoma to Texas after years of battles over interstate pipelines in the drought-prone region.
Supreme Court Could Send Oklahoma Water to Texas
JAN 8, 2013 3:04pm 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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