Muni Bonds Continue to Tumble by Romy Varghese and Kelly Nolan, Wall Street Journal
Prices of municipal bonds fell sharply for the second day Tuesday, driving yields on long-term bonds to the highest points in more than 18 months, as investors worried about the impact of the end of a federally subsidized borrowing program…”We are hitting the market as quickly as we can because it’s only going to get worse,” said Harold Downs, treasurer of the Metropolitan Water Reclamation District of Greater Chicago.
