Muniland’s flight risk

By Cate Long
October 31, 2012

I’m not a big fan of municipal bond-related mutual funds because some of their structural features work the opposite way that municipal bonds work. Mainly, the value of muni bond funds decline as interest rates rise. The has a useful description:

A little of this, a little of that

By Cate Long
July 15, 2011

Minnesota reaches a deal

Minnesota agrees on a budget, ending a two week shutdown. But is it just accounting tricks? From the (emphasis mine):

Muni sweeps: New growth or decay?

By Cate Long
May 19, 2011

The New York Times food writer, Mark Bittman, has written the loveliest piece about his visit to our nation’s most devastated urban area, Detroit. He says there are little seeds of hope and change growing there:

Muniland “dumb money”

By Cate Long
April 11, 2011


There has been a lot of speculation about the intensity of municipal mutual fund outflows. Investors have headed for the exit for the last 21 weeks. Does this exodus give us an accurate read on the health of the municipal securities market?