Muni Bonds Reach Cheapest Level Since 2020 as Citigroup Says It’s Time to Buy

Muni Bonds Reach Cheapest Level Since 2020 as Citigroup Says It’s Time to Buy

(Bloomberg) -- It’s been a bleak stretch in the $4 trillion municipal-bond market, with returns slumping, retail investors dumping bonds and volatility giving issuers pause. But some portfolio managers are jumping into the fray.

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