Muni Nation: My View From The Eighth Month
August 20, 2014 at 06:30 AM EDT
I begin this commentary with the fundamentals. Performance for municipal bonds since the start of 2014 has been strong thus far. Year-to-date (YTD), municipals have returned 6.18% as measured by the Barclays Municipal Bond Index and 8.20% for the Barclays High Yield Municipal Bond Index. In my...