Klotz on Bonds:
News and perspectives from the president of FMSbonds:
While much of the country ramps up its borrowing, state and local governments are continuing their penny-pinching ways as outstanding municipal bond debt continues to fall.
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.