Markets - Buy Side
Election Uncertainty Likely Spooks Investors in Muni Bond Funds
Wednesday, November 7, 2012
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Overwhelming uncertainty surrounding the U.S. elections stands as the most likely cause industry watchers cite behind the first outflows municipal bond mutual funds reported in more than six months.

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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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