Sure, Treasuries Are Swell, But Muni Bonds Were the Rock Stars Of 2011 |
| December 27, 2011 | December 2011 Bond Updates |
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There's plenty of intelligent chatter this morning about the news that demand for U.S. debt has tracked up to a level unseen since 1995. But, as strong---and as opposed to the "conventional wisdom"---as the performance for long-term U.S. Treasuries is, there's been an even sturdier market winner this year, one just as contrarian to punditry:
Municipal bonds wound up being a contrarian bet that paid off big in 2011. |
| View more at: http://www.forbes.com/sites/markbergen/2011/12/27/sure-treasuries-are-swell-but-muni-bonds-were-the-rock-starts-of-2011/ |
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