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Today's Muni Bond Risks And Lessons From The 5 Biggest Muni Defaults

Saturday, May 19, 2012 - 12:44 PM
How much risk is there in today's muni bond environment? As this Smart Money article describes:
Despite grim predictions of a market collapse — kicked off in late 2010 by celebrity analyst Meredith Whitney — the overall number of defaults has been falling. Municipal-bond funds, meanwhile, have gone on to post market-beating returns, even as many stock funds floundered.

However, the article brings up the fact that "some cracks are starting to show." It ends with a review of the 5 largest muni defaults of all time focusing on the lessons for investors.
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Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
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1. Sunday, May 20, 2012 - 5:56 AM
Interesting article.
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loulou541 posts since
Aug 3, 2010
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