This month saw more of news about financial market volatility. The Month’s municipal bond news included:
- 1/19/12: Muni Risks are still here. (Smartmoney) – Eliminating tax breaks, Volcker rule, lower yields.
- 1/20: Muni Bond Mutual funds saw a week of heavy inflows. (Bond Buyer) Are investors chasing one of last years top performing categories? They put $5 billion into them in December 2011.
- 1/31: Agencies Fading, but Bonds Live On – WSJ.com. Even though California redevelopment agencies are to be abolished, municipal bonds issues by them have gone up in value slightly. The reason for this is the lack of any new bond issuance. Scarcity is driving up prices.