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Home>Thornburg Municipal Bonds Fourth Quarter Commentary

Thornburg Municipal Bonds Fourth Quarter Commentary

Perspectives Content Submission

Tue, 1 Feb 2011

The municipal bond market endured a tumultuous fourth quarter of 2010. Yields rose across all maturities, retracing and exceeding the decrease in yields of the nine months ending September 30, 2010. Chart I illustrates these changes (below). The result of the yield changes has been a steepening of
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