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Market Close: Fixed Income Assets Rally on Election, Fiscal Cliff
by: Taylor Riggs
Wednesday, November 7, 2012
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The tax-exempt market rallied big Wednesday as traders digested news of the election. Munis followed Treasuries higher and global stocks plummeted.

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Commentary - When It May Be Virtually Free to Be Tax Free
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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