Investors Turn Bullish on Stocks Worldwide as Concern About Greece Wanes Investor confidence returned to stocks from New York to Paris to Tokyo on growing signs that the budget crisis in Greece won’t derail the global economy.

Defaults May Signal Bursting Muni Junk Bubble After 30% High-Yield Surge Investors in search of better returns poured $7.8 billion into high-yield municipal bond funds last year, pushing assets to a two-year high. They may start experiencing losses as early as this year as default risks grow.

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