Markets - Market News
Market Close: Munis End Steady After Up and Down Week
Friday, June 22, 2012
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The municipal market ended mostly steady after a week that seemed to have a different tone in the market with each passing day. Most of the primary supply took the focus for the week, but traders noted the secondary market held up well.

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Opinion

Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.

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