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    Muni Nation

    June 28, 2012

    Dancing On The Head Of A Pin

    by Jim Colby, Portfolio Manager

    Often we look for macro issues and trends to help define direction and opportunity in the municipal bond market as a whole. However there is an element of potential opportunity in the narrower realm of the pre-refunded municipal bond segment . As of June 25 2012 these bonds ...

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    Muni Nation

    June 20, 2012

    Value In Plain Sight

    by Jim Colby, Portfolio Manager

    The secondary market for municipal bonds has been somewhat subdued the past several days. The broad market successfully absorbed over 10 billion in new issues last week with some selling of high-grade muni bonds in the secondary market possibly to fund purchases or restructu...

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    Muni Nation

    June 13, 2012

    A New Paradigm

    by Jim Colby, Portfolio Manager

    With investor sentiment now shaded by the daily changes in market direction for both equities and fixed income I suggest that we are faced with a changed investment paradigm at least in the near term. While Europe tries to extricate itself from economic doom and gloom many m...

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    Muni Nation

    June 06, 2012

    What Is An Investor To Do?

    by Jim Colby, Portfolio Manager

    If you have not asked yourself this question then you may either be blissfully unaware of the cacophony raised as investors rush out the exit marked equity based on fund flow data from Morningstar or your expectations might be so low for investment returns that you ve turned...

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    Muni Nation

    May 31, 2012

    End Of May, Don't Go Away

    by Jim Colby, Portfolio Manager

    I ve taken a little liberty with a familiar saying to suggest that for municipals I am not booking my three-month summer vacation just yet. Month-to-date and year-to-date performance of all muni high-yield bond sectors (with the exception of tobacco) has been positive. The t...

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