The muni market has seen a strong recovery since 2009, though these tax-advantaged products are much safer in some regions than others, says Morningstar's Jeff Westergaard.
Fixed-income investments are still necessary, but with tight credit spreads right now, obtaining extra yield carries heavy risks, says Zebra Capital chairman Roger Ibbotson.
Investors were down on the municipal bond market for a third straight week as $261 million poured out of weekly reporting muni bond mutual funds for the week of March 20.