Everyone wants Muni Paper – The Wall Street Journal

Everyone wants Muni Paper – The Wall Street Journal

Federal Reserve Board building in Washington. Photo: leah millis / Reuters Yield-hungry investors have accumulated riskier assets, not just speculative stocks like GameStop. For an example of how negative real interest rates distort prices, see the municipal bond market. Investors last month clawed back $ 560 million worth of rotten-listed Chicago Public Schools (CPS) bonds. […]
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