Results from the U.S. elections on Wednesday provided a record-breaking boost to a municipal market still recovering from last week’s hurricane.

The elections’ conclusion and news of President Obama’s re-election as well as Democratic gains in the Senate augured well for the muni market, promising more certainty and likely higher tax rates. The finality of knowing who will to be in office going forward should go some ways toward providing direction for investors, muni pros say.

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