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Credit Worries Not Driving Muni Market

The recent sell off in Muni bonds is being precipitated more by a supply/demand imbalance than a loss of confidence in credit quality says 16th Amendment Advisors' Jed McCarthy.

Jeremy Glaser: For Morningstar.com, I am Jeremy Glaser. In recent weeks there's been a rather sharp sell-off in municipal bonds. Here today to give his take from the trading floor is Jed McCarthy. He's the Managing Member of 16th Amendment Advisors.

Jed thanks for joining me today.