NMCO - Making Sense Of The Move In Munis

Last week was a wild one in the municipal bond market. Investors withdrew some $12.2 billion, marking the end of more than a year of inflows that saw $130 billion enter the market. Yields spiked as traditional liquidity providers retreated and some mutual funds and ETFs became forced sellers. Municipal yields rose to their most attractive levels relative to Treasuries since the Great Financial Crisis - and prompted nascent signs of interest from banks and other institutional buyers.

Here's our perspective on key questions facing municipal bond investors:

How has the municipal market been affected

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