This week CFB gets a little wonky and in the weeds on municipal bonds and pricing.
With very little attention, the way in which municipal bonds are benchmarked is undergoing an important shift to a Bloomberg product that while more transparent, has shown real limitations in the past. A muni bond benchmark may seem insignificant but recall that public funds are priced to these benchmarks every day, as are the prices of ones tax-exempt municipal bond fund.
You can read more here.