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Municipals remain a good bet, writes Cumberland's John Mousseau, as overall credit quality is...

Municipals remain a good bet, writes Cumberland's John Mousseau, as overall credit quality is improving (despite some high-profile Chapter 9 filings). There's also supply constraint as muni bond issuance may seem high, but a good chunk of the proceeds are being used to call older paper, making net issuance quite small.
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