Municipal bonds discount San Bernardino bankruptcy

Posted on July 11, 2012 at 13:56 PM EDT

Municipal bond investors shrug off the latest California city to declare bankruptcy — San Bernardino — as the broader market continues to perform relatively well. “We’re going to have bankruptcies here and there,” says one analyst.

Related Stocks:

DFM BANK IND Nuveen California Select Quality Municipal Fund, Inc. Thornburg California Limited Term Municipal Fund Class I

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