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Muni Fund Investors Squeezed As Flattening Curve Reduces Payouts

TedTed
in The Bullpen
FYI: Investors who’ve come to depend on steady income checks from leveraged municipal-bond funds are starting to feel the pinch from the narrowing in the difference between short- and long-term borrowing rates.
Regards,
Ted
http://www.bloomberg.com/news/articles/2016-06-24/muni-fund-investors-squeezed-as-flattening-curve-reduces-payouts
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