Making a Change in Munis
Municipal bonds are finally breaking. I've held a position in the Market Vectors CEF Municipal Income ETF (XMPT) as part of my yield portfolio, but I've closed the position. It has had a decent run and thrown off some solid distributions, but the charts appear ready to break. Unfortunately, the volume is very thin, so that chart is probably not the best to focus upon solely.
I also brought the chart of the iShares S&P National Municipal Bond Fund (MUB) in to help me. (I love the ticker symbol -- it makes me think of a bad golf shot or something.)...174 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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