Panic gripping the municipal bond sector might be a buying opportunity. Amid worries of the...

|By:, SA News Editor

Panic 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.