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Market Post: Munis Continue to Cheapen in Afternoon
by: Taylor Riggs
Tuesday, December 18, 2012
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There was no stopping the losing streak in the tax-exempt market as traders said bid-wanteds in the morning were trading even lower by the afternoon.

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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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