State Street (STT) put a halt Thursday on redeeming shares of its municipal bond ETFs for cash -...

|About: State Street Corporation (STT)|By:, SA News Editor

State Street (STT) put a halt Thursday on redeeming shares of its municipal bond ETFs for cash - limiting to in-kind redemptions only - and still hadn't resumed cash swaps on seven ETFs today, with the exit doors jammed. The move comes in the wake of this week's muni-bond selloff, but has little direct effect on end investors who can sell in the open market. (Related ETFs: BABS, INY, VRD, SHM, TFI, CXA; more redemption difficulty)