The "fade Whitney" trade may be getting close to played out as municipals tack a 2.31% rise in...
The "fade Whitney" trade may be getting close to played out as municipals tack a 2.31% rise in January onto a 10.7% gain in 2011, with yields for top-rated paper now at or near all-time lows. Lower-rated munis offer the best relative value, says Jim Kochan, but investors should expect coupon income and nothing more for the rest of the year.
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