Sentences with phrase «complex municipal bond market»
The risk of generalizing or over simplifying the complex municipal bond market is inherent in any broad analysis.
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Over the past several weeks, the contagion emanating from the collapse of the market for complex structured assets that contain subprime mortgages has shaken the municipal bond market, one of the safest and most stable parts of the US financial system.
Benefits from PIMCO's proprietary credit research, a key advantage in a municipal bond market that has become increasingly complex and subject to credit risk.