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High-Yield Municipal Debt Has Paid Off Over Time, But It Comes With Added Risks

Monday, November 5, 2012 - 5:17 AM
From the Wall Street Journal
Fixed-income investors, hungry for yield in a low-interest-rate environment, have been pouring money into high-yield municipal debt, a small but highly lucrative niche of the muni market.
[...]
However, this isn't a market for the faint of heart or the uninformed. High-yield municipal debt has inherent risks and anomalies, and it is critical that investors approach the market with care.

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Ken TuminKen Tumin5,467 posts since
Nov 29, 2009
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