Worse, two little-noticed but important bits of the market have imploded this month, and there are fears for a third, known as closed-end municipal-bond funds.

更为糟糕的是，在这个月，债券市场中两个很少引起关注但是很重要的部分崩溃了，并且人们担心下一个可能是封闭式市政债券基金。

youdao

As a result, I've bought some municipal-bond funds, whose yields remain unusually high compared with U.S. Treasurys.

因此我买进了一些市政债券基金，较之美国国债，其收益率仍处于不寻常的高位。

youdao

And so far, municipal bond funds have yet to lure back investors after sixteen relentless weeks of net outflows.

FORBES: Thank You Meredith Whitney

If you own municipal bond funds that out-yield the competition, then chances are the fund is chock full of tobacco bonds.

FORBES: Municipal Bonds And Cigarettes Don't Mix

This last crash and burn week took municipal bond funds down badly.

FORBES: Capitalize On The Muni Bond Nightmare And Don't Get Fooled Again