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July 27, 2015

Municipal bond funds facing more stress

  • The muni market is notoriously emotional and that can amplify price drops, but as with each recent challenge, managers of muni-bond funds expect the market to power through.
  • By STAN CHOE
    AP Business Writer

    NEW YORK — Here we go again.

    One worry after another has hit the municipal bond market in recent years, from a high-profile 2010 prediction for a wave of defaults to Detroit's 2013 bankruptcy filing, the largest in U.S. history.


     
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