POP QUIZ: What's The #1 Threat To The Muni Market?

In a survey of money managers, Citi asked what they perceived to be the #1 threat to the muni market.

Their answer?

Not defaults. Not a weakening economy.

Bond fund outflows. In other words, everyone freaking out about what they see on TV when Meredith Whitney comes on.

muni threats

Photo: Citi

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