The State Street news underscored how hard-pressed frantic sellers became in the heat of last week’s sell-off, reports Chris Dieterich for WSJ.com MoneyBeat.
“On Thursday, selling bonds became so difficult and expensive that State Street disallowed the option for dealers to take cash. For State Street, the risk was that unloading bonds could eat into investor returns, or cause the ETF’s price to veer from its underlying index,” according to the report.
SPDR Nuveen Barclays Capital Muni Bond ETF
