Does anyone own Oppenheimer Municipal Bond Funds-AMT-FREE, PA MUNIC. FUND & LTD. TERM FUND?
If so, why enjoy they taken a nosedive within olden times two months?
Answers:
I own munis and hold also experienced a big drop contained by the importance of my funds. The Wall Street Journal have an interesting article give or take a few how muni yield enjoy be rising (so bond prices enjoy be falling).
I own hear that abundantly of beat about the bush funds owned muni's and when they have problems beside their mortgage loan investments they started dumping their muni holding to incline bread. All this selling drove down the price of the muni in the flea market. It produce sense except I don't know why dither funds would own muni's.
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Answers:
I own munis and hold also experienced a big drop contained by the importance of my funds. The Wall Street Journal have an interesting article give or take a few how muni yield enjoy be rising (so bond prices enjoy be falling).
I own hear that abundantly of beat about the bush funds owned muni's and when they have problems beside their mortgage loan investments they started dumping their muni holding to incline bread. All this selling drove down the price of the muni in the flea market. It produce sense except I don't know why dither funds would own muni's.