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In a Steady Week, Most Muni Indexes Push Lower

DEC 6, 2012 5:56pm ET

Many in the municipal market saw this week as the right time to dump inventory and dive into what is one of the last large calendars of the year.

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A recent phenomenon is the emergence of bonds with shorter call protection as funding alternatives for municipalities. However, the shorter call protection also dampens the potential upside for investors, which in turn reduces the price they are willing to pay.

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