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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Joe Stocks who wrote (85300)8/20/2007 9:00:50 AM
From: tdl4138  Read Replies (3) of 110194
 
I have a question for the thread and would appreciate any comments.

I noticed ETF's like PMF, have sold off during this debacle and am wondering just how viable a position would be at this point in time. Strictly a municipal bond holder with a nice yield of roughly 6.5%. Obviously some other people thought it appropriate Friday as it had a real nice move for an ETF of this type. Actually, I am a little puzzled as to why it made such a big move. After looking at a chart I was also surprised that the valuation was consistently going up as the FED raised rates. What am I missing?

Thanks in advance for any comments
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