Markets - Market News
Market Post: Munis Weaker, Though Selloff Frenzy Slows
Wednesday, December 19, 2012
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The tax-exempt market weakened for the third trading session this week, though traders noted the selloff wasn't as hectic as it had been in prior trading sessions.

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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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