Klotz on Bonds:
News and perspectives from the president of FMSbonds:
The flight to municipal bonds is fueling the strongest muni market inflows in at least 13 years and is drawing investors from some unexpected places.
When the president and Congress squeezed, taxpayers felt it – and moved to munis to ease their pain.
Sure munis make sense as part of investors’ portfolios. But why do so many make them the centerpiece of their investing strategy?