Charles Schwab announced Monday that it has joined with Piper Jaffray to provide clients access to Piper Jaffray's new issue municipal bonds through Schwab's BondSource Platform.
Pensions and other post-retirement benefits will continue to be a growing concern for municipal governments and muni investors for years to come, says Morningstar municipal credit analyst Rachel Barkley.
Improving local-government finances and lower default rates than corporates have made high-yield municipalbonds an attractive option for investors eyeing tax-free income, says Nuveen's John Miller.