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Local savers have little choice but to buy government debt, keeping yields artificially low.
It could be, of course, that quantitative easing (central banks buying government bonds) is keeping yields artificially low.
Further weighing on muni prices, and keeping yields aloft, are concerns about the possible impact of housing devaluation on municipal revenues.
But short-term issues held their ground on firming hopes that the Federal Reserve would make another deep interest rate cut at its policy meeting next week, keeping yields on two-year notes pinned near their lowest levels since late 1998.
Keeping yields very large degradations when increases.
In recent years there has been more of an emphasis on keeping yields low, particularly for an estate's Grand vin.
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The credit crisis has played a part in keeping bank yields high.
At the same time, concerns over the health of some bond insurers and the potential for reduced property tax revenue have weighed on muni prices, keeping their yields relatively high.
Again, we are talking about the best wines, which generally come from serious producers who are exacting in the vineyard — keeping their yields low, harvesting fully ripe grapes by hand — and are scrupulous in their cellar techniques.
Bioprocesses require microbial strains that are able to tolerate several different stresses while keeping high yields and productivity.
The ECB is buying mostly government debt worth 60 billion euros a month until at least September 2016, with the aim of keeping bond yields low and generating inflation.
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