Updated Wednesday, April 16, 2014 as of 3:04 PM ET
Portfolio - Fixed Income
The Fiscal Cliff, Higher Taxes, and Pricey Muni Bonds
by: Jack Chee
Sunday, December 16, 2012
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On the supply side of the supply-demand equation, net new municipal bond issuance has been minimal, with the majority being municipalities refinancing at lower rates. With a lack of new bonds in the muni market, existing demand also contributed to bond prices rising and yields dropping to generational lows.

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