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Are muni bonds a risky bet?

Tuesday, 17 Sep 2013 | 1:35 PM ET

Puerto Rico's weak economy and heavy debt load have made its bonds a risky bet for most investors. Barron's recent cover story singled out Oppenheimer's aggressive $6.5 billion bet on the country. Troy Willis, OppenheimerFunds, and John Lofreddo, MainStay High Yield Municipal Bond Fund, debate the move.