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Panic gripping the municipal bond sector might be a buying opportunity. Amid worries of the...
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Friday, December 21, 2012, 12:18 PM ETPanic gripping the municipal bond sector might be a buying opportunity. Amid worries of the future of the tax exemption, $2.8B fled the sector last week - the sort of numbers not seen since 2 years ago when tobacco bonds were downgraded. "Shocking," says RBS' Chris Mauro, expecting cooler heads to prevail in the new year.
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Taxes go up, munis look even better. Now that's weird.
Fear of rising rates? Something else?
No one will take away that tax deduction.