Munis and California Join Ireland

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vhf

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Munis and California Join Ireland

posted on Nov 12, 2010 11:24AM

With the western media solely focused on Ireland's debt woes, we see that munis and California bonds are falling through the floor. Of course, all of this should be fuel for precious metals.

Nice volumes too - VHF

California Muni Bond Fund Shellacking

Barry Ritholtz

November 12, 2010

Since so many of you have asked: These funds are getting mangled on expectations of — All Aboard! Munis and California joining Ireland on the default train.

PIMCO Municipal Income Fund II

PIMCO California Municipal Income Fund II

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