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Rating:WSJ: Markets Pummel Junk Munis Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, December 24, 2008

WSJ: Markets Pummel Junk Munis

by: Neil Anderson, Managing Editor

High-yield municipal bond funds are hurting these days. In Wednesday's Wall Street Journal "Fund Track" column, Michael Aneiro highlights the fact that the average junk muni fund is down 25.7 year-to-date, despite low default rates. The OppenheimerFunds Rochester National Muni Fund in particular gets some negative ink for YTD losses of 49 percent, following losses of 10.3 percent in 2007 and three years of returns higher than 10 percent. 

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