In fact, Morningstar categorizes more than 60 municipalbondmutualfunds as intermediate, of which several use one of the BarCap Municipal intermediate indices or similar index as a performance benchmark.
Meanwhile, U.S. municipalbond yields spiked Tuesday, brushing eight-year highs, after selling by mutualfunds whose investors are redeeming shares and players who can no longer afford their loans, according to Reuters.