Investors demanded higher interest payments on municipal bonds amid strong year-end issuance, pushing yields to the highest levels since 2009, on news that the Build America Bonds program appeared increasingly unlikely to be extended.
WSJ.com: What's News US, Wall Street Journal
Mon, 12/13/2010 - 5:19pm
Investors demanded higher interest payments on municipal bonds amid strong year-end issuance, pushing yields to the highest levels since 2009, on news that the Build America Bonds program appeared increasingly unlikely to be extended.