Quake Doesn’t Shake Muni Bonds: California’s municipal...
Quake Doesn’t Shake Muni Bonds: California’s municipal bond market, the nation’s largest, felt barely a ripple from the Bay Area earthquake, though some of the roads, bridges and buildings financed by the bonds sustained damage. Prices of the bonds were virtually unaffected by the quake. Mutual fund operators said they received few panicky calls from investors in California-based municipal bond funds, and almost none of the investors pulled out.
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