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Credit Monitor: Outflows For Junk, Record Supply, Bad Month For IG
US junk funds bled another $2.3 billion during the latest weekly reporting period, data released lat
Yeah, but …. Since June I’ve been able to buy five new muni issues, three of them insured, all rated A+ and above, one at AAA. Rates on all were 5% with at least nine years’ call protection. All were purchased at issue. Nice paper earning a pre-tax equivalent 7.7% in my bracket.