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It looks like munis may also get toxic...
Look at this article from Bloomberg:
http://www.bloomberg.com/news/marketsmag/mm_0308_story2.html
--- In realtraders@xxxxxxxxxxxxxxx, "EAdamy" <eadamy@xxx> wrote:
>
> Misleading! I have a SS in which I track 112 muni bond CEF's. It
is very
> large and takes considerable effort to update. I made the effort
to do a
> comprehensive update on Friday morning because I expected to find
some
> bargains. Neither yields nor discounts have increased appreciably.
Problems
> appear to be pretty much limited to Auction Rate arena.
>
> Earl
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