Thursday, December 16, 2010

Avalanche of "Bids Wanted" for Munis, but "Nobody’s bidding"

"The municipal bond market is going up in smoke once again with yields highest since August 2009. An "avalanche" of supply is coming, with few takers. Bloomberg reports ‘Avalanche’ of Sales Drives Rates to 16-Month High..."

at http://globaleconomicanalysis.blogspot.com/2010/12/avalanche-of-bids-wanted-for-munis-but.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29

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