Municipal bonds have a growing fan base: commercial banks.
Banks have been snapping up munis in the primary and secondary markets, as well as purchasing issuers' variable-rate notes and holding them on their own books, known as direct purchases.
Limited Time Offer
Save $400 off your subscription. Special offer ends April 30, 2017.
14-Day Free Trial
No credit card required. Complete access to articles, breaking news and industry data.
Have an account? Sign In