From WSJ.com
Intelligent Investor: What’s Eating Munis?
By Jason Zweig
Municipal bonds are beginning to look tempting — but investors who buy munis in haste can unwittingly hand over their first year’s worth of income to their broker.
Fortunately, with a few simple steps, you can control that risk and maximize your net return.
Intriguingly, the health of many municipalities is improving even as tax-free bonds offer relatively attractive returns. Yields on the highest-quality, widely traded munis, triple-A-rated, 10-year “general obligation” bonds, have risen by 0.45 percentage point since May 1, according to Daniel Berger, senior market strategist at Municipal Market Data.
Read more.
No comments:
Post a Comment