LOS ANGELES — California cities and redevelopment agencies have spent the past month lamenting the uncertainty wrought by today’s dissolution of the state’s 400-plus redevelopment agencies, but based on trading, municipal bond investors don’t appear to share those concerns.

“The market has spiked,” said Chris Tota, director for institutional sales and trading in the Los Angeles office of De La Rosa & Co. “I think the impact of the dissolution was to cause scarcity, which increased interest in the bonds.”

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