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Lon Erickson Thornburg Fund Manager Says Avoid Bond 'Trash'

FYI: Cash is anything but trash these days for many yield-challenged bond funds.
That’s what some Thornburg Investment Management executives said at a meeting in Manhattan on Wednesday.

Their stay-liquid argument is that municipal-bond yields are low and some parts of the muni market are very bad today.
Regards,
Ted
http://www.fa-mag.com/news/thornburg-managers-avoid-bond--trash-26186.html?print
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