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The Bond Buyer: How will Silicon Valley Bank collapse impact bank ownership of munis?
03/21/2023
Banks significantly added municipal bonds to their portfolios just after the 2008-2009 financial crisis for two leading reasons: first, they liked the credit quality in the sector and second, there were not as many other investment options at the time, according to Tom Kozlik, managing director and head of public policy and municipal strategy at HilltopSecurities.