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Home>Munis Weather Seasonally Gray Period

Munis Weather Seasonally Gray Period

Perspectives Content Submission

Mon, 16 Jul 2012

Highlights Despite a modestly negative return overall, tax-exempt municipals were largely cushioned from macro fears and outperformed a volatile Treasury market. Muni-to-Treasury yield ratios narrowed, but remain attractive and above 100% across all maturities. We believe new issuance presents oppo

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