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Wednesday, December 03rd, 2008

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Posts Tagged ‘ STXAX ’

Time to Buy Munibonds?

Jul 8th, 2008 | By Ann Sosnowski | Category: Real Estate Investments

After a year of free fall, is it time to buy munibonds now? It may be, says Ann Sosnowski in Taipan Daily. High-yield munibond funds like the Legg Mason Partners Municipal High Income (STXAX) have made some gains in the past few months of 2.5%. High-yield munibonds that fund the construction of hospitals and schools are riskier than bonds that fund basic state and local governments. But they’re returning 3% more than safer munibonds.

Tags: Ann Sosnowski, Muni bonds, STXAX
Posted in Real Estate Investments | CommentsTime+to+Buy+Munibonds%3F2008-07-08+18%3A58%3A15Ann+Sosnowski

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