Best and worst muni bets? BlackRock names names
The news of late couldn't get much worse for muni bond investors, with gaping budget deficits and predictions of massive defaults. But fear not, BlackRock says there are lots of great investment opportunities in the tax-free universe. Just steer clear of those Florida dirt bonds.
If municipal bond investors can stomach continued negative headlines — and some defaults over the next few months — they will find some compelling investment opportunities, BlackRock Inc. executives said today at a press gathering.
Specifically, the firm sees investing opportunities in
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