29 August 2014 at 13:41 GMT
China is about to take the leap that will finally end the 19-year ban on direct debt issuance by provincial governments. The development has been hailed as positive for reform and transparency. Yet generating hardly any discussion is the crucial question of what would happen to investor demand for local issues once they are stripped of the comfort of implicit sovereign support.
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23 April 2014 at 12:45 GMT
Ever considered muni closed-end funds? If you're happy with dealing with volatility, now could be a good time to get in.