As new-issue volume begins to build a little more momentum than last week, a two-pronged negotiated deal from the Arizona Transportation Board totaling $706.2 million will headline the activity, which includes an estimated $5.62 billion in primary issuance, according to Ipreo LLC and The Bond Buyer.
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