Vanguard’s Muni Head Sees Risk-Off Mood Prevailing With Fed Hiking

Vanguard’s Muni Head Sees Risk-Off Mood Prevailing With Fed Hiking

(Bloomberg) -- Municipal-bond investors have plenty to absorb lately, from soaring oil prices to accelerating inflation. But Vanguard Group’s Paul Malloy says the focus should be on market volatility and the path of the Federal Reserve.

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