Municipal Bond ETFs 9/18/2007

Best day yet. Barclays MUB traded 134,000 shares worth roughly $13.4 million dollars. SSGA’s TFI traded 192,900 shares worth roughly $4.2 million dollars. Lots of small trades indicating sticky assets and legit retail. Issuers and Specialists are very encouraged. Of note is the narrow bid/ask spread, 2-3 cents on TFI and 5-6 cents on MUB.

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