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Tobacco bonds see first default after Nassau County skips principal payment Bond Buyer Should your muni bond portfolio be smoking? Bond Buyer Riskiest Municipal Tobacco Bonds Hit by Smoking Declines Bloomberg Customs has already seized 8.3 million illicit cigarettes in the first four months of 2026, as the gap between $40$50 legal packs and $12 black market packs fuels organised crime. The growing trade Municipal bonds explained: How munis work and who should invest
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