Bond prices have soared so far in 2014,compared to the same time one year ago. 2013 was the market's worst year in almost two decades, after registering losses nationwide - ranging from Detroit's municipal bankruptcy-protection filing to pension costs in Illinois. The revival of the $3.7T muni-market comes as bond buyers attempt to find higher returns amid dropping U.S. interest rates. Yields on municipal debt fell to 2.325% this past Wednesday - their lowest in almost a year.
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