By Brian Chappatta, includes “Believe it or not, the $3.9 trillion municipal-bond market and Bitcoin have much in common. … High-yield muni funds drew in $578 million in the week ended Feb. 17, after adding $832 million the week before, which was the second-biggest inflow ever. As is often the case in fixed-income investing, that strategy will work until it doesn’t.”
Read the full article on: Bloomberg