Why Muni Bonds Are Not Yet Worth The Risk
Jan 14th, 2009 | By Matthew Collins | Category: Politics & EconomicsTax-free municipal bonds with historically high yields might look attractive to many investors. But Matthew Collins says the risk is still too high. Bloated and inefficient local governments are facing funding emergencies as revenues tumble and credit is squeezed. As the recession deepens in 2009, Matthew says muni bonds should be avoided.