Muni Bond ETFs Shrug Off Moody’s Warning on States
July 19, 2011 at 17:16 PM EDT
Exchange traded funds that hold municipal bonds rose Tuesday as the fixed-income ETFs shook off a warning from Moody’s that it may downgrade its triple-A credit ratings on five states. The $2.2 billion iShares S&P National AMT-Free Municipal Bond Fund (NYSEArca: MUB) gained 0.3% on Tuesday. The...