21.   Investors said munis are expensive relative to other fixed-income investments and attractive returns in the stock market have depressed the demand for the securities.

22.   Many shares fell as investors decided that an overvalued peso makes Mexican stocks too expensive relative to their earnings and dividend potential.

23.   Municipal bonds have outperformed government bonds during the past month, making them too expensive relative to Treasuries, he said.

24.   Municipal bonds price followed benchmark U.S. Treasury bonds lower as money from seasonal bond payments ebbed and investors found munis expensive relative to other fixed income investments.

25.   Munis are currently at prices considered expensive relative to other fixed income investments, even as demand is ebbing after investors already spent their seasonable bond payments.

26.   Municipal bonds declined amid concern tax-exempt securities have gotten expensive relative to benchmark Treasuries.

27.   Municipal bonds were little changed amid concern tax-exempt securities have gotten expensive relative to benchmark Treasuries.

28.   New government debt has become expensive relative to older issues in part because Wall Street securities firms are borrowing them and selling them on the bet prices will fall.

29.   Peruvian stocks fell sharply for a second day, on signs that a five-month rally has left stocks expensive relative to their earning potential.

30.   Plenty of doubters contend that stocks are already expensive relative to their earnings and that corporate profits may not recover as quickly as the bulls hope.