Friday, December 17, 2010

MUNI BOND BUBBLE?

"After rising through the first 10 months of 2010, the average municipal bond fund has lost 3% in just the past month, according to TrimTabs. Some funds have lost 10% or more this fall, as the long bull market in Treasury debt has come up lame and worries about stretched state and local government budgets have started getting more attention."

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