Saturday, 19 November 2011

REUTERS - Escape Europe's woes with U.S. muni bonds, Nov 19, 2011

A welcome marker is pictured in Harrisburg, Pennsylvania, October 12, 2011.  REUTERS/Daniel Shanken
"(Reuters) - Attention nervous municipal bond investors: You'll be pleased to know that most U.S. issuers are not like Harrisburg, Pennsylvania or Jefferson County, Alabama. Nor are they in the same tailspin as Greece, Italy or Spain.
And there's little chance that the latest Italian crisis will have any impact on the highest-rated U.S. muni bonds. That doesn't mean you shouldn't be careful. You still need to do some due diligence before plunging into these tax-free bonds and related funds."

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