CHART OF THE DAY: Munis, A Safety Play?

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Hilariously, muni bonds — which earlier in the year were seen as a major risk — are performing fantastically during the recent bout of risk aversion.

It makes sense: They tend to track Treasuries, which have been surging, but the fact that fears of mass bankruptcies haven’t dented them is pretty remarkable.

This is the MUB ETF.

chart of the day, muni, june 2011

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