Klotz on Bonds:
News and perspectives from the president of FMSbonds:
It’s never a good time to build a short-term bond ladder, but can you imagine how investors who did are faring today amid the recent market turmoil?
When the Fed raised interest rates last year, we cautioned municipal bond investors it wasn’t what it seemed.
In a market saturated with bonds selling above par, it’s surprising so many investors are unaware that premium bonds provide the best value in today’s muni market.