Klotz on Bonds:
News and perspectives from the president of FMSbonds:
If municipal bond investors aren’t seeing returns of more than 6.00%, they’re missing the obvious.
Despite a near-zero default rate, banking officials excluded munis as part of new liquidity rules. Four years later, Congress makes the right call and reverses the decision.
A wide range of support is behind efforts to revive advance refunding bonds, a casualty of the tax-overhaul law. Now it’s Congress’s turn to act.