WASHINGTON -- At first glance, some in the municipal market may be disappointed because none of the top members of President-elect Bill Clinton's economic team can be called an absolute champion of municipal bonds.

But market participants, when they think about the selections, should be pleased. Clinton's choices for the top two Treasury posts, his budget director, and the head of the new National Economic Council are a mixture of congressional and Wall Street heavyweights who both know and have respect for public finance and who know how to get things done.

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