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The Bond Buyer: JPMorgan buys First Republic’s sizable muni book, easing concerns


"The day-to-day municipal market is likely to remain close to unchanged, all things being equal," Tom Kozlik, managing director and head of public policy and municipal strategy at Hilltop Securities Inc. said Monday. "If anything, I think the way the municipal market has continued to function almost unbothered reinforces the stability of public finance."

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