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Tax-free mutual funds have been rallying.
National long-term municipal funds returned 8% during the past four months, according to Morningstar. That is a big change from 2008, when the funds lost 9.5% of their value.
Can municipal funds keep climbing? Yes. Fears of defaults, which plagued markets last year, should wane because of new support from Washington and changes in the market for municipal insurance. ...
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