It’s the worst kept secret in the brokerage business: community bank CFOs and investment managers rarely seek pre-purchase validation on prices paid for investment securities. If the yield and the structural characteristics look good, most are apt to pull the trigger. That is a painful, expensive mistake—especially in today’s muni market. Municipal bond price levels have skyrocketed in 2012---particularly since the November elections. Bond traders are on the prowl in search of inventory. |
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CategoriesAsset/Liability ManagementBank Analysis Bank Regulatory Issues Investment Strategies Loan Participations New Community Banking Model Philosophy |
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