Muni bond fears run wild

Muni bond fears run wild

By Charles Riley, staff reporterJanuary 14, 2011: 3:20 PM ET

NEW YORK (CNNMoney) -- Municipal bonds continued to sell off this week, as worried investors fled the market, and the media continued to churn out stories about state and local governments struggling with severe budget shortfalls.

It's easy enough to understand the concern. A growing number of states, including some of the biggest -- like California and Illinois -- face budget shortfalls of billions of dollars.

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Invest in Muni Bonds Carefully: Vanguard Manager - CNBC

Invest in Muni Bonds Carefully: Vanguard Manager - CNBC

By: Michelle Lodge
Special to CNBC.com

Investing in municipal bonds, or munis, has plusses and minuses, a Vanguard manager told CNBC Wednesday, but overall he recommends putting money in select ones. ...