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Tag Archives: Van Kampen Municipal Trust

BORROWING FROM 2005?

It’s hard to fault a stock market that can push the Dow back up to a 3 1/2 year high. Anybody who suffered through the disastrous bear market of 2000-2002 is glad to see the recovery in full swing. In fact, most of us are hoping it carries well into 2005.

GIMME A BREAK

Stocks have put on a tub-thumper of a rally over the past six weeks. So much so, in fact, that it’s getting hard to find real values. That’s a strong hint we’re due for a break in the action before the market can try for another leg up in January.

BONDS: A BETTER DEAL

We probably haven’t seen the high in yields just yet. But values are improving in the bond market. Since late October, the yield on the benchmark 10-year Treasury note has bounced from under 4% to 4.34% this morning. That’s a smart 70 basis points above the low reached back in March.