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Mispriced Municipal Bonds Cost Mutual Fund Shareholders And Taxpayers Billions Of Dollars

Por: Forbes Business December 06, 2022

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Money Flow in Black Hole extreme closeupgetty In a market where at least 99% of trillions of dollars of fixed income securities have no trades to offer price discovery and the financial data to assess credit risk cannot be readily downloaded to a spreadsheet for analysis and comparison, how can there be “fair market value” in pricing? That question has vexed investors, issuers, and regulators in the $3.9 trillion municipal bond market for... + full article



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