What is going on today? Why the big drop?
bab is long term bonds which are getting hit also,along with other muni;s
The Vol of this ETF is too much. You loose your yield premium too easily. shrt-Int muni funds yield less, but more stable. So much for the US Gov subsidy making these so attractive for investors.
Muni insurer AMBAC declared bankrupcy yesterday and IRS may seize assets due to improper tax refunds. NYSE has suspended trading.http://online.wsj.com/article/BT-CO-20101109-711226.html?mod=wsjcrmain
I just bought some so it never fails to go down:-)No material news that I found, so hoping it is just an ebb and flow normal pattern.