Munis Catch a Bid

Feb.11.11 | About: iShares National (MUB)

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 (NYSEARCA: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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