Thornburg Municipal Bonds 2nd Quarter 2011 Market Commentary
The second quarter of 2011 was very rewarding for municipal bond investors. The Financial Times reported, “Muni bonds gained 4.45% in the last three months, the largest return since 8.07% in the third quarter of 2009, a Bank of America Merrill Lynch index showed.”This wiped out almost all the 4th q…
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