Fewer Than Expected Municipal Bond Defaults and New Issues Seen in First Half of 2011

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Uploaded by on Jul 11, 2011

For the municipal bond market, the first half of 2011 was characterized by fewer defaults and new issues than expected. The low supply of new issues has caused a technical imbalance and resulted in a 4.36% return for the second quarter. While a flight to quality mentality reigned at the end of May and beginning of June, hopes that a second Greece assistance package will finalize in the near future have contributed to rising U.S. Treasury bond yields.
Read the complete report: http://bit.ly/qWElz4

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