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Jun. 25, 2012, 4:40 PMIn conjunction with the Moody's bank downgrades last week was a ratings cut on about $5.4B of preferred securities issued by some closed-end municipal bond funds. The move could ripple through the industry, possibly raising borrowing costs for the funds should money-market holders of the preferred be forced to sell. | Comment!
MYN vs. ETF Alternatives
To provide current income exempt from federal income taxes and New York State and New York City personal income taxes. It intends to invest at least 65% of its total assets in New York Municipal Bonds and 80% of its total assets will be invested in long-te
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