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Monday, Jun 252012, 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. |Monday, Jun 252012, 4:40 PM| Comment!
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TruffelPig:: I didn't even see that and repeated it. LOL. I get away with it - my second language ;P
mrmedusa:: Have some PTFYX to park 1/2 sales pofits and divs. Sort of drip. Hope to have higher monthly in 5 years when I retire.