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MarketWatch: Muni bonds log worst start to the year ever as Fed gets set to hike interest rates

02/08/2022

Those “incredibly rich valuations with low yields” made investors more wary by the turn of the year, said Justin Hoogendoornhead of fixed income strategy and analytics at Hilltop Securities, and with the central bank signaling it’s turned more hawkish than many market participants had expected, the muni market was ripe for a sell-off.

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