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Re: spongepaul post# 22233

Thursday, 05/14/2020 12:18:33 PM

Thursday, May 14, 2020 12:18:33 PM

Post# of 29400
Re: Muni bonds

The Bloomberg piece you posted is mostly about high-yield (a/k/a junk) munis, which I’ve never had any interest in for the reason mentioned in #msg-155281501.

Investment-grade munis have had a nice rebound from the March low, and it’s looking more and more likely that Congress will authorize additional direct payments to states, counties, and cities.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
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