Sharp demand for yield has led to froth in the bond markets. Nowhere is this more evident than in the muni bond market, where some issuers are playing fast and loose with investor protections.
Results for: Municipal Bonds
Give a boost to your muni portfolio.
Consider adding VRDOs to your muni bond allocation.
The volatility of short-term rates, however, means the variable rate structure isn't a silver bullet.
Caveat emptor: current technical supply and demand flows favor issuers more than buyers. But diligent, disciplined investors can always find attractively priced, fundamentally sound bonds.
In an upwardly rising interest rate environment patience is an extremely important character trait for investors. They need to examine their investment horizons, make sure they are appropriate for their...