Muni Bond Manager's Journal: Quantifying The Cost Of The Recent Mass Exodus From Muni Bond Funds |
August 23, 2013 | August 2013 Bond Updates |
The swift rise of interest rates in tax-exempt municipal bond markets this spring serves as a useful case study of how panicked investors can collectively become their own worst enemies. By taking a closer look at investor behavior and interest rate movements from May-June, we can measure how portfolio losses can mount when fear overtakes reason in the muni marketplace. |
View more at: http://www.forbes.com/sites/investor/2013/08/23/muni-bond-managers-journal-quantifying-the-cost-of-the-recent-mass-exodus-from-muni-bond-funds/ |
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