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Paying more and getting less is just one of the annoying aspects of this misbegotten year, as anyone who’s been to the supermarket or a building supplies outlet can attest. Prices are up, that is, when you can find merchandise.
But bargains can be found if you know where to look. One rare exception can be found in a relatively arcane corner of the investment world, closed-end funds, or CEFs, that invest in municipal bonds. Ironically, that reflects one of the few benign effects of the financial market upheavals resulting from the economy’s pandemic plunge earlier this year.