Municipal Bonds an "Outrageous Bargain"? Compared to What? Shifting Sands of Muni Bond Market; Three Bad Assumptions
July 29, 2013Spread the love
In a followup guest post on the Big Picture blog, Kotok offers More on Munis, Detroit, Bloomberg, Whitney & Wilson . In our recent commentary on municipal bonds and Detroit, we argued in favor of buying the highest-grade AAA tax-free municipal bond It currently yields more than the corresponding taxable US Treasury obligation.
