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Tisch Sees Rare Opportunity to Buy Munis as Funds Sell Bonds

Loews Corp. Chief Executive Officer James Tisch said now is the time to buy municipal bonds after mutual fund investors sold the securities for 25 straight weeks.

“The returns are truly, truly extraordinary in the municipal bond market,” Tisch said in an interview today with Stephanie Ruhle and Erik Schatzker on Bloomberg Television’s “Market Makers” program. “This is one of those rare opportunities where munis are so attractive.”