Sell-Off in Municipal Bond ETFs May be Overdone
June 18, 2013 at 17:30 PM EDT
Investors, concerned over a cutback in Fed quantitative easing and higher rates, have been shifting away from municipal bond exchange traded funds, but the move may have been premature. The triple-A rated 10-year muni benchmark was hovering around 2.27% last Thursday, or up 46 basis points...