Just saw it on CNBC. Billions of dollars in muni bonds being dumped onto the market by hedge funds resulting in yields higher than 5 year treasuries.
I agree. I think they will be scooped up when more forced selling for liquidity by the hedgies occurs.
What a shame the CBOT delisted the Muni Bonds futures contract. Wouldn't it have been a joyride, from August till now?