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Michael Zezas: Inside the Municipal Bond Liquidity Trap

Thoughts on the Market

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The Intersection Between US Public Policy and Financial Markets

Michael Zeezus: When markets get this volatile, strange things start to happen. He says the municipal bond market is a great example of this and we want to break down where the opportunities are. In high-grade munis, he says, spreads versus treasuries are at unusually high levels. That's an opportunity for investors who need to own high-quality fixed income regardless of market conditions.

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