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US tax-free debt may face risks from Merrill Lynch

Story date: 2007-10-27 04:42:00
Added on: 2007-10-27 22:00:18


Gulf Times - NEW YORK: The US municipal bond market, a $2.5tn asset class with one of the world’s lowest default rates, is fretting over ... to market have also been clipped since Wednesday, when agencies cut Merrill’s credit due to its bad subprime mortgage ...


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