Municipal bonds are on track to post their worst yearly performance since 1981, a deep slump for an investment prized for safety and stability
Dec. 27, 2022 5:30 am ET
State and local government bonds are on track to post their worst yearly performance since 1981, a deep slump for an investment prized for safety and stability. “This year was a bloodbath,” said Nicholos Venditti, a municipal bond fund portfolio manager with Allspring Global Investments. “It was a bloodbath in munis the same way it was across all asset classes.”
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