A New York State commission's proposal to privatize the Long Island Power Authority would require the immediate redemption of the authority's $6.9 billion in short-term notes and long-term bonds, some analysts are saying.
Cuomo Adds to Calls For LIPA Privatization
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.
the bond buyer conferences
September 25-27, 2013JW Marriott LA Live, Los Angeles, CA
October 27-29, 2013Crowne Plaza Times Square Manhattan, New York, NY