The Ledger
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Perold: March 2020 dislocation dumped AAA munis from 140 to 80s
“A great example was in March. When the market, it was a massive dislocation. You had mutual funds being redeemed. They were dumping AAA bonds, especially AAA munis were being dumped at crazy prices. AAA bonds that were trading at 140 were selling in the eighti…”