Thread: Muni watch
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Old 03-23-2011, 10:57 AM
Spectrum Spectrum is offline
Join Date: Sep 2001
Location: Wading Through Reality
Posts: 378

I've been following the whole M.W. prediction and fallout. One item of note is that the Build America Bond federal stimulus program ended on 12/31/10. States rushed to the market with offerings before the federal stimulus dollars ended. So the muni bond market has seen very light supply in the first quarter of 2011 because of all the offerings at the end to 2010. So the real test of the muni market comes this summer? when supply increases to normal levels again.
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