When the market thinks an investment is going to underperform munis , it \'s safe to say we are not in the midst of euphoria .
当市场认为一种投资的表现将不及市政债券时，那么可以说我们还没有到疯狂的程度。
Washington ’ s budget negotiations are considered likely to lead to higher income taxes for top earners and increased taxes on dividends and other investments , an outcome that will make tax-exempt munis relatively more attractive to own .
