Markets - Market News
Market Close: Muni Selloff Pauses, Even Reverses, As Traders Say Worst Is Over
Thursday, December 20, 2012
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The tax-exempt market took a breather, and even firmed up according to some accounts, from a recent selloff that saw muni yield soar almost 40 basis points on the long end.

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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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