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| Municipal Bonds (CBOT): (High: Dec//Low: Apr- May) Market pattern implies overall bull market in interest-rate instruments, with successive years tending to end higher than previous years. Favorable tax treatment for Munis generates continued strength into February, contrary to long bond. | |||||||||||||||||||||||||||||||||||||||||||||||
| Charts courtesy of Moore Research Center, Inc. For more information on Moore Research products and services click here. | |||||||||||||||||||||||||||||||||||||||||||||||