"Someone on CNBC noted that municipal bonds are being sold. That isn't mom & pop investors adjusting their portfolios: It's someone who needs liquidity." Peopl

"Someone on CNBC noted that municipal bonds are being sold. That isn't mom & pop investors adjusting their portfolios: It's someone who needs liquidity." People on investing forums often say that total bond and intermediate muni bonds are "the same, because the durations are the same", but the risk profiles are definitely different and that is not often discussed. Here's an example of why. I'd be curious if anyone here knows what's going on with munis.