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The Scariest Crash Is The Muni Bond Crash

China crashed last night, but it's been riding a rocketship, so that's not a huge surprise.

Commodities are crashing today, but speculative have driven those up a lot, too, so it was natural they'd get hammered.

The scariest crash right now? Muni bonds.

As Bespoke notes the National Muni Bond Fund ETF has totally fallen out of bed. This has been a big fear for awhile. Between the anti-bailout GOP Congress, and the worsening situation in California, maybe people are realizing this is real.

chart of the day, National Municipal Bond ETF (NYSEARCA:<a href='https://seekingalpha.com/symbol/MUB' title='iShares National AMT-Free Muni Bond ETF'>MUB</a>), nov 2010



Read more: http://www.businessinsider.com/chart-of-the-day-national-municipal-bond-etf-mub-2010-11#ixzz15MznAuMm


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