Markets - Market News
Rally Moves Indexes to Lowest Levels in More Than 47 years
Tuesday, November 20, 2012
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The municipal bond market will enter the Thanksgiving holiday from a position of strength. Muni bond indexes heading into the holiday fell on all but the short end to levels not seen in more than 47 years.

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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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