Friday, February 11, 2011

Munis Catch a Bid

by Bespoke Investment Group

The municipal bond market has had a rough go of it over the last three months as concern about default risk has risen.  Today, however, munis are catching a bid.  Below is a price chart of the National Municipal Bond ETF (MUB) over the last six months.  The ETF is currently trading at its highest level since early December after breaking above resistance today.


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