But the study's findings go beyond municipal bonds.
But "monoline" insurers, which insure municipal bonds issued by American cities and counties, are barely breathing.
The other thing that's happened now is that Warren Buffett said he wants to get into the municipal bond insuring business.
Similarly, the duration on municipal bonds has risen to 8.3 from 8.1.
Municipal-bond markets continued to rally, however, on the news that Wilbur Ross and Bill Gross, two big investors, were ploughing money into municipal bonds that are being sold-off cheaply.
Compensation for expropriation is paid in municipal bonds at the original use value.
Since local government is not allowed to issue the municipal bond at present, the positive impact of raising the construction fund of the project by public entrusted loan will be quite far-reaching.
Lately corporate and municipal bonds have rallied, with Merrill Lynch's junk-bond index gaining more than 6% in December, the strongest monthly increase since 1991.
It is unavoidable to encounter credit risk in municipal bonds management. Government credit management is the core of credit management of municipal bonds.
Lot's of investors won't buy a municipal bond unless it's insured.
These are municipal bond insurers.
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