A historic rout in the bond marketplace this 12 months has resulted in the best yields on municipal bonds in 15 years—and what appears to be like an great buying opportunity.
At midweek, the muni current market, as measured by the Bloomberg Municipal Bond Index, was down 13%, its worst displaying in at minimum 40 years, as the yield has jumped to 4.2% from 1.1%. Prolonged-term bond mutual cash have completed even even worse, off about 15%.
