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Is the muni bond market a safe spot for investments?

Is the municipal bond market a safe place for clients to put their money? Don't assume all munis are equal. Also, avoid the 'sure loser' asset class: cash held in dollars

By Rich White | Updated on October 23, 2012

The Crumbling Muni Bond Market Monolith

Is the municipal bond market a safe place for clients to put their money? Actually, a new study suggests that the question itself may be flawed – because the municipal market is far from monolithic, and municipal defaults are more common than ratings agencies have indicated. The study was authored in August by three Federal Reserve experts on the subject – Jason Appleson, Eric Parsons and Andrew Haughwout.

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