Bargain hunting investors are buying up debt issued by government entities and nonprofit hospitals. According to a year-over-year comparison from Thomson Reuters Municipal Market Data, the sale of new municipal bonds is down 15% in 2013. Chris Mier, chief strategist at broker-dealer Loop Capital Markets, said muni yields are high due to financial upheavals in Detroit and Puerto Rico. "The time to buy securities is when there are explosions going all around," Mier said.
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