Oddities in “Muniland”

Last week The Bond Buyer ran a story called Forced Selling Sets Odd Stage in Muniland. This is an “insider” sort of article, but it adds more support to my current bond theme.  In short, there are “bizarre contortions” going on in the bond market creating “anomalies with no plausible explanation other than more people selling than buying.”  I’ve explored this idea in recent posts.  The bottom line is that some people believe we are in a “historic buying opportunity in municipals.”  Why not get paid a great tax-free yield while we wait this thing out for a little while?

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