California balancing its budget has broad positive implications

April 30th, 2011|by Michael Ashley Schulman, Perspectives, The Big Picture|

California balancing its budget has broad positive implications for perception of the entire muni market.  Munis have been trending up (tightening) for the last several weeks. Municipal bond fund outflows have recently declined precipitously.  Although there have been over 26 consecutive weeks of outflow for municipal funds, the magnitude has dramatically reduced.  Additionally, a number […]