Municipal Market – December 2012 The market continues to be favorable for municipal bonds. In fact, municipal bond performance in the month of November was the strongest since November 1996 and better than the return following President Obama’s first election victory in 2008. Year to date, municipa…
Improving local-government finances and lower default rates than corporates have made high - yieldmunicipalbonds an attractive option for investors eyeing tax-free income, says Nuveen's John Miller.
Pensions and other post-retirement benefits will continue to be a growing concern formunicipal governments and muni investors for years to come, says Morningstar municipal credit analyst Rachel Barkley.
Mutual funds with the flexibility to take advantage of attractive yields in long-dated municipalbonds are a good pick for individual investors, says Morningstar's Miriam Sjoblom.
Morningstar's Christine Benz demonstrates how our Tax-Equivalent Yield Calculator can help you determine whether you're better off investing in taxable or municipalbonds after adjusting for munis' tax-exempt status.