Munis

Strange are the times when a third of all government debt around the world carries a negative yield, and yet such is the case today.

Sixteen. That’s the number of Republican presidential candidates who have ended their campaigns since last summer, leaving only businessman Donald J. Trump as the presumptive GOP nominee.

The start of baseball season is still several days away, but a recent survey conducted by Bank of America Merrill Lynch found that 59% of U.S. fund managers believe the current stretch of economic growth is in its “final innings.”
The odds of being struck by lightning are an insignificant 0.03%, yet many people still worry it might happen to them. There’s even a name for it: astraphobia. Similarly, some muni bond investors worry about municipal bankruptcies, based on recent high-profile cases, even though such cases occur very infrequently.
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