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Episode 35: A Deep Dive into Municipal Bonds

Guggenheim Macro Markets

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Municipal Bond Market Overview

The municipal bond market has about $4 trillion of power outstanding. About two thirds of the market are controlled by retail investors. Retail investors own about 40% of the bonds directly and the remaining 26% or so are held in retail mutual funds. The balance of the $4 trillion market are owned by insurance companies, banks, some ETFs and some foreign investors as well.

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