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Munis strengthen after Princeton prices through AAAs

By Lynne Funk, Gary Siegel March 23, 2021

The strong demand for higher-yielding paper continues, according to John Mousseau, chief executive officer at Cumberland Advisors in Sarasota, Florida. “There is plenty of demand for bonds,” he said Tuesday, noting that higher-yielding bonds are seeing “huge demand” with new deals in general being 10 and 20 times oversubscribed. “It’s just ongoing prospecting for yield.”

Read the full article at the Bond Buyer website (paywall): https://www.bondbuyer.com/news/munis-strengthen-as-princeton-prices-through-aaas

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