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Municipal bond investors have long known that annual appropriation-type debt, such as certificates of participation, are inferior debt structures. Those investors who bought them had faith at the time in the issuer's responsibility to stand behind the debt.
March 16
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Investors in the municipal market are starting to come to terms with higher yields for primary volume.
March 16 -
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In a week that very well may have marked the end to five months of rallying for municipal bond yields, muni bond mutual funds still saw strong inflows.
March 15 -
Spring is definitely in the air on Wall Street, with a particularly sunny view toward equities. But for munis and Treasuries, with yields rising rapidly in the wake of a robust risk-on trade, the outlook has been much gloomier.
March 15
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Table as of: 03/13/2012 15:12 PM Invisible Supply Issuer and purpose Amount
March 14 -
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Unable to shed a downward trend that first began early last year, ownership of municipal bonds by households fell to the lowest level in two years as it continued to decline in the fourth quarter of 2011, according to quarterly data recently released by the Federal Reserve Board.
March 13
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Table as of: 03/09/2012 13:23 PM Invisible Supply Issuer and purpose Amount
March 12 -
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The municipal market needed this. That's the response some in the market had regarding last week's surge in new issuance and subsequent backup in yields.
March 9 -
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