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September 01, 2020 1:41pm
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The Coronavirus is Bringing Some Unforeseen Volatility to Munis

In the U.S. bond markets, municipal debt is seen as some of the most stable given that they’re backed by local governments albeit at lower-than-junk yields as most would expect. However, the coronavirus pandemic is injecting a healthy dose of unforeseen volatility in municipal bonds as mass-market...
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