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The Bond Buyer: Muni short-end correction continues, yields climb double digits

05/18/2023

Investor appetite on the buy side is generally becoming more selective, according to Tom Kozlik, managing director at HilltopSecurities. "Sector, issue specifics, and credit are becoming even more important than in recent weeks," he said. "Buyers, especially on the institutional side, are not jumping in with both feet," Kozlik added. "They are carefully dipping a toe or two to figure out the temperature."

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