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Municipals (MUB +0.4%) catch a nice bid even as interest rates turn sharply higher (TLT -1.2%)....

Municipals (MUB +0.4%) catch a nice bid even as interest rates turn sharply higher (TLT -1.2%). The fiscal-cliff deal raised tax rates on higher incomes, but didn't touch the deductibility of interest earned on municipals - a small perfect storm for the sector.
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Comments (3)
  • johnny a
    , contributor
    Comments (4) | Send Message
     
    better than any annuity.
    2 Jan 2013, 11:30 AM Reply Like
  • User 353732
    , contributor
    Comments (4993) | Send Message
     
    Why wouldn't they? Big Government became bigger and more malevolent using Bad Debt and Bad Money to finance its expansion.

     

    The bigger the Parasitic Economy the happier the munis.

     

    Piracy and thuggery handily beats honest work in the US Soviet.
    3 Jan 2013, 05:33 AM Reply Like
  • corbu333
    , contributor
    Comment (1) | Send Message
     
    If this is true, why haven't the munis ETF market bounced back after the dive they've taken over the last month? Anyone with some insight?
    3 Jan 2013, 01:24 PM Reply Like
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