Muni Mess
Is there another mess coming in the muni market? Could be.
We pointed out the cracks in the Nuveen muni CEFs a couple of weeks ago.
Last night, Mish pointed out that the City of Houston is bankrupt (among others).
Today, we see a commentary hosted by Welling@Weeden subtitled “The Coming Collapse Of The Municipal Bond Market”
Just more things to keep our eyes on.
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