CHART OF THE DAY: Munis, A Safety Play?

button more charts
button chart prev
button chart next

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

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.