Wednesday, July 2, 2014

Munis Feeling Heat

The shadows are
On the darker side
Behind those doors
It's a wilder ride
--Glenn Frey

After reading this post from Minyanville's resident bond guru Michael Sedacca, called up some muni bond fund charts.

While most of the fixed income space is under pressure today, the heat is on in munis.

Maybe something or maybe nothing. But these are what cracks in the dike might look like.

no position

1 comment:

dgeorge12358 said...

Spiced Rum
Yesterday Moody's downgraded all Puerto Rican debt to junk status according to major newswires.