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The Bond Buyer: Munis rally to kick off December


Supply shortages and uncertainty over the levels of absolute yields are among the chief concerns facing municipal investors as December got under way on Thursday, according to Tom Kozlik, managing director and head of municipal research and analytics at HilltopSecurities. "Market participants are continuing to right-size their expectations on the supply side in the near term and for the rest of the year," Kozlik said Thursday.

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