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The universe of bond mutual funds -- churned for months by the credit crunch, the mortgage mess, prospects of stagflation, threats to state-tax exemption of muni bonds and the auction-rate securities mess -- has shown signs of finally calming.
At least that's the indication from the latest summary of major changes in TheStreet.com Ratings bond fund grades.
The brevity of the accompanying table of major changes speaks volumes about the move toward a tranquil environment for bond funds. ...
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