A peculiarity of the tax code gives fund investors an advantage over bond investors. Say a bond comes out at par and sinks to ...

The key, as always, to understanding the recent turmoil is that markets revert to their mean over time and that crowd ...

the market is anticipating those workers being added to the jobless rolls as well as the unemployment rise (which has started). Muni bond yields were not reacting to economic news as much as to ...