Wall Street Job Seekers Find No Bottom for Analysts: Muni Credit – Bloomberg 02-07-13

Salient to Investors: The dwindling role of bond insurance and yields at four-decade lows is fueling demand for muni analysts. Paul Sorbera at Alliance Consulting said the demand has significantly raised salaries. Jeff Burger at Standish Mellon Asset Mgmt said basis points matter in a low-yield environment. Investors have become more confident buying uninsured or lower-rated debt.

READ MORE...