Rough Week for Monolines, Munis
Take a look at the 1-week return for the monoline insurers and some select municipal bond exchange traded funds (ETFs).
Ambac Financial (NYSE: ABK) +4.01%
MBIA Inc. (NYSE: MBI) +6.49%
Note: Both equity listings for the main monoline insurance companies are up, but faced a rough end of the week.
Muni bond ETFs:
Nuveen Insured Premium Income II (NYSE: NPX) -2.36%
Nuveen Investment Quality Municipal Fund (NYSE: NQM) -0.37%
Lehman Municipal Bond (AMEX: TFI) -3.92%
Blackrock Long Term Municipal Advantage (NYSE: BTA) -6.63%