A Massive Gap Explains Why Muni Prices Are Testing Record Highs
/(Bloomberg) -- Over the next month, about $25 billion of municipal debt will be paid off. Bondholders will receive another $13 billion of interest payments in February. And mutual funds have pulled in nearly $7 billion of new cash already this month.
Yet over the next four weeks, only a fraction of that money may find new securities to buy: American states and cities are so far set to sell just $13 billion of bonds in that time, according to data compiled by Bloomberg./
We have stopped buying Munis hy and bnd in our sepira and brokerage past 3 months been buying more stocks...we are indeed overwt in bonds in our portfolio
For mama retired portfolio we kept buying fbnd