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Posts Tagged ‘The Great Credit Contraction’

Exceptional Exceptions

August 30th, 2013 by Kurt L. Smith

In a world that includes dozens of US Treasury bond issues (but just one credit) or hundreds of Corporate bond issuers, Municipal bonds offer tens of thousands of different credits, terms and conditions.  It is these differences, rather than their similarities, between issuers and issuances that account for the robustness of the municipal bond market. (more…)

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