Muni bond funds continued to plummet Monday on heavy volume led by California (CMF, CXA, PWZ)...

|By:, SA News Editor

Muni bond funds continued to plummet Monday on heavy volume led by California (CMF, CXA, PWZ) and long-term funds (MLN). In contrast, NY State munis fared much better (NYF, PZT, INY). However, Robert Kane believes that despite the declines, muni bond investors are still twice as likely to buy as they are to sell.