Why munis are a buy now
By on Jan 28, 2008 in Finances
Forget what you may have read in the newspaper about state budget problems or bond insurer meltdowns. that is a perfect date to be buying municipal bonds. The economy is slowing, the Federal Reserve is poised for more interest rate cuts (boosting bond prices), and a Democratic win in November would probably lead to higher taxes on the rich, thereby enhancing munis’ tax advantages. Throw in munis’ microscopic default rates, and you’ve got an ideal landing spot for investors weary of the stock market roller coaster.
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Original post by Technology news - Business 2.0 Magazine
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