Pre-Emptive Posture: Muni Experts Get Defensive at Year End

Albano, Christine
November 2013
Bond Buyer;11/12/2013, Vol. 122 Issue 34010, p1
Trade Publication
The article informs that in response to Detroit's, Michigan, bankruptcy, the surge in Puerto Rico yields, and a mid-year sell-off, municipal managers and strategists are getting their portfolios ready for the next hurdle in 2014 with another increase in interest rate. It also informs that Jeffery Elswick, director of fixed income at the company Frost Investment Advisors, is overweighting his Frost Municipal Bond Fund with six- to seven-year paper.


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